Treasury Auction Result for 12/30/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

36-day CMB: $5 billion (under SFP*, for use by the Federal Reserve)

• Primary Dealer: $3.96 billion
• Indirect Bidder: $1.03 billion
• Indirect Bidder Percentage: 20.6%
• Bid to Cover Ratio: 6.66
• Investment Rate: 0%
• High Rate: 0% (allotted at high: 29.83%)

7-year note (912828MD9): $32 billion (last month $32 billion)

• Primary Dealer: $15.56 billion
• Indirect Bidder: $14.27 billion
• Indirect Bidder Percentage: 44.6% (last month 62.4%)
• Bid to Cover Ratio: 2.72 (last month 2.76)
• Interest Rate: 3.250% (last month 2.750%)
• High Yield: 3.345% (allotted at high: 55.69%) (last month high yield 2.835%)

In addition, SOMA* purchased $948 million 7-year note.

Total for the week so far: $203 billion

• Bills: $85 billion
• Notes: $118 billion

Total for December 2009: $630 billion

• Bills: $438 billion
• Notes and bonds: $192 billion

Additional purchase by SOMA* for December 2009 so far: $28.606 billion

• Bills: $24.72 billion
• Notes and bonds: $3.886 billion

*For details, scroll down to the bottom of the page.

Treasury Auction Result for 12/29/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

4-week bill: $23 billion (last week $28 billion)

• Primary Dealer: $8.31 billion
• Indirect Bidder: $12.75 billion
• Indirect Bidder Percentage: 55.4% (last week 60.5%)
• Bid to Cover Ratio: 3.95 (last week 4.08)
• Investment Rate: 0.010% (last week 0.005%)
• High Rate: 0.010% (allotted at high: 12.36%)

In addition, SOMA* purchased $6.29 billion 4-week bill.

5-year note (912828ME7): $42 billion (last month $42 billion)

• Primary Dealer: $18.00 billion
• Indirect Bidder: $18.44 billion
• Indirect Bidder Percentage: 43.9% (last month 60.7%)
• Bid to Cover Ratio: 2.59 (last month 2.81)
• Interest Rate: 2.625% (last month 2.125%)
• High Yield: 2.665% (allotted at high: 31.16%) (last month high yield 2.175%)

In addition, SOMA* purchased $1.24 billion 5-year note.

Total for the week so far: $166 billion

• Bills: $80 billion
• Notes: $86 billion

Total for December 2009 so far: $593 billion

• Bills: $433 billion
• Notes and bonds: $160 billion

Additional purchase by SOMA* for December 2009 so far: $27.658 billion

• Bills: $24.72 billion
• Notes and bonds: $2.938 billion

*For details, scroll down to the bottom of the page.

Treasury Auction Result for 12/28/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

13-week bill: $28 billion (last week $30 billion)

• Primary Dealer: $17.95 billion
• Indirect Bidder: $2.66 billion
• Indirect Bidder Percentage: 9.5% (last week 20.1%)
• Bid to Cover Ratio: 3.39 (last week 3.28)
• Investment Rate: 0.112% (last week 0.071%)
• High Rate: 0.110% (allotted at high: 79.75%)

26-week bill: $29 billion (last week $31 billion)

• Primary Dealer: $10.95 billion
• Indirect Bidder: $15.50 billion
• Indirect Bidder Percentage: 53.4% (last week 68.3%)
• Bid to Cover Ratio: 3.57 (last week 3.56)
• Investment Rate: 0.203% (last week 0.173%)
• High Rate: 0.200% (allotted at high: 40.81%)

2-year note (912828ML1): $44 billion

• Primary Dealer: $19.95 billion
• Indirect Bidder: $15.18 billion
• Indirect Bidder Percentage: 34.5% (last month 44%)
• Bid to Cover Ratio: 2.91 (last month 3.16)
• Interest Rate: 1% (last month 0.750%)
• High Yield: 1.089% (allotted at high: 59.68%) (last month high yield 0.802%)

In addition, SOMA* purchased $1.30 billion 2-year note.

Total for the week so far: $101 billion

• Bills: $57 billion
• Notes: $44 billion

Total for December 2009 so far: $528 billion

• Bills: $410 billion
• Notes and bonds: $118 billion

Additional purchase by SOMA* for December 2009 so far: $20.128 billion

• Bills: $18.43 billion
• Notes and bonds: $1.698 billion

*For details, scroll down to the bottom of the page.

13-Week Bill Auction Trend Since October 2009

The chart below plots Indirect Bidder (i.e. foreign buyers of Treasuries) Percentage on the left Y axis and Bid to Cover Ratio on the right Y axis for 13-week bill auctions since October 2009.

Note that both Indirect Bidder Percentage and Bid to Cover Ratio seem to have broken the respective support (around 25% for Indirect Bidder Percentage and 3.8 for Bid to Cover Ratio).

Treasury Auction Schedule for the Week of 12/28/2009

The U.S. Treasury Department will auction the following Treasury securities this week.
Monday December 28, 2009

• 13-week bill: $28 billion (last week $30 billion)
• 26-week bill: $29 billion (last week $31 billion)
• 2-year note (912828ML1): $44 billion (last month $44 billion)

Tuesday December 29, 2009

• 4-week bill: TBA
• 5-year note (912828ME7): $42 billion (last month $42 billion)

Wednesday December 30, 2009

• 7-year note (912828MD9): $32 billion (last month $32 billion)

Total for the week: $175 billion (without 4-week bill)

• Bills: $57 billion (without 4-week bill)
• Notes: $118 billion

Total for December 2009 so far (as of 12/22): $427 billion

• Bills: $353 billion
• Notes and bonds: $74 billion

Treasury Auction Result for 12/22/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

4-week bill: $28 billion (last week $28 billion)

• Primary Dealer: $10.59 billion
• Indirect Bidder: $16.93 billion
• Indirect Bidder Percentage: 60.5% (last week 18.8%)
• Bid to Cover Ratio: 4.08 (last week 4.33)
• Investment Rate: 0.005% (last week 0%)
• High Rate: 0.005% (allotted at high: 65.60%)

In addition, SOMA* purchased $3.78 billion 4-week bill.

Total for the week: $89 billion

• Bills: $89 billion
• Notes and bonds: $0 billion

Total for December 2009 so far: $427 billion

• Bills: $353 billion
• Notes and bonds: $74 billion

Additional purchase by SOMA* for December 2009 so far: $18.828 billion

• Bills: $18.43 billion
• Notes and bonds: $398 million

*For details, scroll down to the bottom of the page.

Treasury Auction Result for 12/21/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

13-week bill: $30 billion

• Primary Dealer: $19.91 billion
• Indirect Bidder: $6.03 billion
• Indirect Bidder Percentage: 20.1% (last week 29.2%)
• Bid to Cover Ratio: 3.28 (last week 3.69)
• Investment Rate: 0.071% (last week 0.041%)
• High Rate: 0.070% (allotted at high: 63.01%)

26-week bill: $31 billion

• Primary Dealer: $8.34 billion
• Indirect Bidder: $21.18 billion
• Indirect Bidder Percentage: 68.3% (last week 55.8%)
• Bid to Cover Ratio: 3.56 (last week 3.65)
• Investment Rate: 0.173% (last week 0.162%)
• High Rate: 0.170% (allotted at high: 52.13%)

Total for the week: $61 billion

• Bills: $61 billion

Total for December 2009 so far: $399 billion

• Bills: $325 billion
• Notes and bonds: $74 billion

Additional purchase by SOMA* for December 2009 so far: $15.048 billion

• Bills: $14.65 billion
• Notes and bonds: $398 million

*For details, scroll down to the bottom of the page.

Treasury Auction Result for 12/15/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

4-week bill: $28 billion (last week $29 billion)

• Primary Dealer: $21.58 billion
• Indirect Bidder: $5.25 billion
• Indirect Bidder Percentage: 18.8% (last week 33.9%)
• Bid to Cover Ratio: 4.33 (last week 5.33)
• Investment Rate: 0% (last week 0%)
• High Rate: 0% (allotted at high: 56.12%)

In addition, SOMA* purchased $5.94 billion 4-week bill.

52-week bill: $27 billion (last month $27 billion)

• Primary Dealer: $13.79 billion
• Indirect Bidder: $10.51 billion
• Indirect Bidder Percentage: 38.9% (last month 43.4%)
• Bid to Cover Ratio: 3.08 (last month 3.47)
• Investment Rate: 0.417% (last month 0.320%)
• High Rate: 0.410% (allotted at high: 65.80%) (last month high rate 0.315%)

Total for the week: $116 billion

• Bills: $116 billion
• Notes and bonds: $0 billion

Total for December 2009 so far: $338 billion

• Bills: $264 billion
• Notes and bonds: $74 billion

Additional purchase by SOMA* for December 2009 so far: $15.048 billion

• Bills: $14.65 billion
• Notes and bonds: $398 million

*For details, scroll down to the bottom of the page.

Treasury Auction Schedule for the Week of 12/14/2009

The U.S. Treasury Department will auction the following Treasury securities this week.

Monday December 14, 2009

• 13-week bill: $30 billion
• 26-week bill: $31 billion

Tuesday December 15, 2009

• 4-week bill: $28 billion
• 52-week bill: $27 billion

Total for the week: $116 billion

• Bills: $116 billion

Total for December 2009 so far (as of 12/14): $283 billion

• Bills: $209 billion
• Notes and bonds: $74 billion

Treasury Auction Result for 12/14/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

13-week bill: $30 billion

• Primary Dealer: $18.15 billion
• Indirect Bidder: $8.75 billion
• Indirect Bidder Percentage: 29.2% (last week 39.7%)
• Bid to Cover Ratio: 3.69 (last week 4.14)
• Investment Rate: 0.041% (last week 0.051%)
• High Rate: 0.040% (allotted at high: 66.83%)

26-week bill: $31 billion

• Primary Dealer: $10.50 billion
• Indirect Bidder: $17.30 billion
• Indirect Bidder Percentage: 55.8% (last week 46.3%)
• Bid to Cover Ratio: 3.65 (last week 3.59)
• Investment Rate: 0.162% (last week 0.167%)
• High Rate: 0.160% (allotted at high: 40.77%)

Total for the week: $61 billion

• Bills: $61 billion
• Notes and bonds: $0 billion

Total for December 2009 so far: $283 billion

• Bills: $209 billion
• Notes and bonds: $74 billion

Additional purchase by SOMA* for December 2009 so far: $9.108 billion

• Bills: $8.71 billion
• Notes and bonds: $398 million

*For details, scroll down to the bottom of the page.

Treasury Auction Result for 12/10/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

29-year 11-month bond (CUSIP 912810QD3, reopening): $13 billion
(original issue $16 billion in November 2009)

• Primary Dealer: $6.87 billion
• Indirect Bidder: $5.21 billion
• Indirect Bidder Percentage: 40.1% (original issue 43.9%)
• Bid to Cover Ratio: 2.45 (original issue 2.26)
• Interest Rate: 4.375%
• High Yield: 4.520% (allotted at high: 40.62%) (original issue high yield 4.469%)

In addition, SOMA* purchased $70 million 29-year 11-month bond.

Total for the week: $191 billion

• Bills: $117 billion
• Notes and bonds: $74 billion

Total for December 2009 so far: $222 billion

• Bills: $148 billion
• Notes and bonds: $74 billion

Additional purchase by SOMA* for December 2009 so far: $9.108 billion

• Bills: $8.71 billion
• Notes and bonds: $398 million

*For details, scroll down to the bottom of the page.

Treasury Auction Result for 12/9/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

19-day CMB*: $15 billion (SFP*, maturing on December 29, 2009)

• Primary Dealer: $10.71 billion
• Indirect Bidder: $2.10 billion
• Indirect Bidder Percentage: 14%
• Bid to Cover Ratio: 5.38
• Investment Rate: 0.081% (cf. 4-day CMB auctioned yesterday had 0.071%.)
• High Rate: 0.080% (allotted at high: 4.71%)

9-year 11-month note (CUSIP 912828LY4, reopening): $21 billion
(original issue $25 billion in November 2009)

• Primary Dealer: $11.77 billion
• Indirect Bidder: $7.31 billion
• Indirect Bidder Percentage: 34.8% (original issue 46.9%)
• Bid to Cover Ratio: 2.62 (original issue 2.81)
• Interest Rate: 3.375%
• High Yield: 3.448% (allotted at high: 67.28%) (original issue high yield 3.470%)

In addition, SOMA* purchased $113 million 9-year 11-month note.

Total for the week: $178 billion

• Bills: $117 billion
• Notes: $61 billion

Total for December 2009 so far: $209 billion

• Bills: $148 billion
• Notes: $61 billion

Additional purchase by SOMA* for December 2009 so far: $9.038 billion

• Bills: $8.71 billion
• Notes: $328 million

*For details, scroll down to the bottom of the page.

Treasury Auction Result for 12/8/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

4-day CMB*: $12 billion (maturing on December 14, 2009)

• Primary Dealer: $10.99 billion
• Indirect Bidder: $0.85 billion
• Indirect Bidder Percentage: 7.1%
• Bid to Cover Ratio: 5.87
• Investment Rate: 0.071% (higher than 4-week bill's rate, and higher than 13-week bill auctioned yesterday)
• High Rate: 0.070% (allotted at high: 63.81%)

4-week bill: $29 billion

• Primary Dealer: $17.97 billion
• Indirect Bidder: $9.84 billion
• Indirect Bidder Percentage: 33.9% (last week 38.1%)
• Bid to Cover Ratio: 5.33 (last week 4.07)
• Investment Rate: 0% (last week 0.086%)
• High Rate: 0% (allotted at high: 35.09%)

In addition, SOMA* purchased $2.42 billion 4-week bill.

3-year note (CUSIP 912828MB3): $40 billion (same as last month)

• Primary Dealer: $14.41 billion
• Indirect Bidder: $24.25 billion
• Indirect Bidder Percentage: 60.6% (last month 68.1%)
• Bid to Cover Ratio: 2.98 (last month 3.33)
• Interest Rate: 1.125% (last month 1.375%)
• High Yield: 1.223% (allotted at high: 50.40%)

In addition, SOMA* purchased $215 million 3-year note.

Total for the week: $142 billion

• Bills: $102 billion
• Notes: $40 billion

Total for December 2009 so far: $173 billion

• Bills: $133 billion
• Notes: $40 billion

Additional purchase by SOMA* for December 2009 so far: $8.925 billion

• Bills: $8.71 billion
• Notes: $215 million

Treasury Auction December 2009

Treasury Auction Result for 12/7/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

13-week bill: $30 billion

• Primary Dealer: $13.96 billion
• Indirect Bidder: $11.90 billion
• Indirect Bidder Percentage: 39.7% (last week 45.4%)
• Bid to Cover Ratio: 4.14 (last week 3.89)
• Investment Rate: 0.051% (last week 0.061%)
• High Rate: 0.050% (allotted at high: 7.36%)

26-week bill: $31 billion

• Primary Dealer: $12.68 billion
• Indirect Bidder: $14.36 billion
• Indirect Bidder Percentage: 46.3% (last week 48.1%)
• Bid to Cover Ratio: 3.59 (last week 3.55)
• Investment Rate: 0.167% (last week 0.152%)
• High Rate: 0.165% (allotted at high: 2.32%)

Total for the week: $61 billion

• Bills: $61 billion

Total for December 2009 so far: $92 billion

• Bills: $92 billion

Additional purchase by SOMA* for December 2009 so far: $6.29 billion

• Bills: $6.29 billion

Treasury Auction Schedule for the Week of 12/7/2009

The U.S. Treasury Department will auction the following Treasury securities this week.

Monday December 7, 2009

• 13-week bill: $30 billion
• 26-week bill: $31 billion

Tuesday December 8, 2009

• 4-day bill (CMB*): $12 billion
• 4-week bill: $29 billion
• 3-year note (CUSIP: 912828MB3): $40 billion

Wednesday December 9, 2009

• 19-day bill (CMB*): $15 billion (for SFP* for the use by the Federal Reserve)
• 9-year 11-month note (912828LY4, reopening; original issue November 2009): $21 billion

Thursday December 10, 2009

• 29-year 11-month bond (912810QD3, reopening; original issue November 2009): $13 billion

Total for the week: $191 billion

• Bills: $117 billion
• Notes and bonds: $74 billion

* For explanation, scroll down to the bottom of the page.

Treasury Auction Result for 12/1/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

4-week bill: $31 billion (last week $32 billion)

• Primary Dealer: $16.47 billion
• Indirect Bidder: $11.82 billion
• Indirect Bidder Percentage: 38.1% (last week 43.6%)
• Bid to Cover Ratio: 4.07 (last week 4.38)
• Investment Rate: 0.086% (last week 0.061%)
• High Rate: 0.085% (allotted at high: 62.10%)

In addition, SOMA* purchased $6.29 billion 4-week bill.

Total for December 2009 so far: $31 billion

• Bills: $31 billion
• Notes and bonds: $0billion

Additional purchase by SOMA* for December 2009 so far: $6.29 billion

• Bills: $6.29 billion
• Notes and bonds: $0 billion

Treasury Auction Result for 11/30/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

13-week bill: $30 billion

• Primary Dealer: $14.38 billion
• Indirect Bidder: $13.62 billion
• Indirect Bidder Percentage: 45.4% (last week 24.1%)
• Bid to Cover Ratio: 3.89 (last week 3.81)
• Investment Rate: 0.061% (last week 0.041%)
• High Rate: 0.060% (allotted at high: 62.10%)

26-week bill: $31 billion

• Primary Dealer: $14.29 billion
• Indirect Bidder: $14.92 billion
• Indirect Bidder Percentage: 48.1% (last week 43%)
• Bid to Cover Ratio: 3.55 (last week 3.60)
• Investment Rate: 0.152% (last week 0.142%))
• High Rate: 0.150% (allotted at high: 70.55%)

Total for the week: $61 billion

• Bills: $61 billion

Total for November 2009: $651 billion

• Bills: $452 billion
• Notes and bonds: $199 billion

Additional purchase by SOMA* for November 2009: $32.04 billion

• Bills: $18.43 billion
• Notes and bonds: $13.61 billion

Treasury Auction Result for 11/25/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

7-year note (CUSIP 912828MA5): $32 billion (last month $31 billion)

• Primary Dealer: $8.92 billion
• Indirect Bidder: $19.98 billion
• Indirect Bidder Percentage: 62.4% (last month 59.3%)
• Bid to Cover Ratio: 2.76 (last month 2.65)
• Interest Rate: 2.750% (last month 3.125%)
• High Yield: 2.835% (allotted at high: 87.98%) (last month high yield 3.141%)

In addition, SOMA* purchased $0.96 billion 7-year note.

Total for the week: $211 billion

• Bills: $93 billion
• Notes and bonds: $118 billion

Total for November 2009 so far: $590 billion

• Bills: $391 billion
• Notes and bonds: $199 billion

Additional purchase by SOMA* for November 2009 so far: $32.04 billion

• Bills: $18.43 billion
• Notes and bonds: $13.61 billion

Treasury Auction Result for 11/24/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

4-week bill: $32 billion (same as last week)

• Primary Dealer: $15.84 billion
• Indirect Bidder: $13.94 billion
• Indirect Bidder Percentage: 43.6% (last week 32.3%)
• Bid to Cover Ratio: 4.38 (last week 3.79)
• Investment Rate: 0.061% (last week 0.051%)
• High Rate: 0.060% (allotted at high: 25.03%)

In addition, SOMA* purchased $3.78 billion 4-week bill.

5-year note (CUSIP 912828LZ1): $42 billion (last month $41 billion)

• Primary Dealer: $15.15 billion
• Indirect Bidder: $25.49 billion
• Indirect Bidder Percentage: 60.7% (last month 54.6%)
• Bid to Cover Ratio: 2.81 (last month 2.63)
• Interest Rate: 2.125% (last month 2.375%)
• High Yield: 2.175% (allotted at high: 67.34%) (last month high yield 2.388%)

In addition, SOMA* purchased $1.26 billion 5-year note.

Total for the week so far: $179 billion

• Bills: $93 billion
• Notes and bonds: $86 billion

Total for November 2009 so far: $558 billion

• Bills: $391 billion
• Notes and bonds: $167 billion

Additional purchase by SOMA* for November 2009 so far: $31.08 billion

• Bills: $18.43 billion
• Notes and bonds: $12.65 billion

Treasury Auction Result for 11/23/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

13-week bill: $30 billion (same as last week)

• Primary Dealer: $19.85 billion
• Indirect Bidder: $7.24 billion
• Indirect Bidder Percentage: 24.1% (last week 25.2%)
• Bid to Cover Ratio: 3.81 (last week 3.94)
• Investment Rate: 0.041% (last week 0.066%)
• High Rate: 0.040% (allotted at high: 47.63%)

26-week bill: $31 billion (same as last week)

• Primary Dealer: $14.36 billion
• Indirect Bidder: $13.32 billion
• Indirect Bidder Percentage: 43% (last week 39.1%)
• Bid to Cover Ratio: 3.60 (last week 3.65)
• Investment Rate: 0.142% (last week 0.167%)
• High Rate: 0.140% (allotted at high: 70.32%) (last month high rate 0.165%)

2-year note (CUSIP 912828MM9): $44 billion (same as last month)

• Primary Dealer: $22.08 billion
• Indirect Bidder: $19.36 billion
• Indirect Bidder Percentage: 44% (last month 43.9%)
• Bid to Cover Ratio: 3.16 (last month 3.63)
• Interest Rate: 0.750% (last month 1%)
• High Yield: 0.802% (allotted at high: 95.78%) (last month high yield 1.020%)

In addition, SOMA* purchased $1.32 billion 2-year note.

Total for the week so far: $105 billion

• Bills: $61 billion
• Notes and bonds: $44 billion

Total for November 2009 so far: $484 billion

• Bills: $359 billion
• Notes and bonds: $125 billion

Additional purchase by SOMA* for November 2009 so far: $26.04 billion

• Bills: $14.65 billion
• Notes and bonds: $11.39 billion

New York Fed Open Market Operation for 11/23/2009

As part of the permanent Open Market Operation (OMO), the New York Fed purchased agency bonds today.

• Operation type: Outright Agency Coupon Purchase
• Total Par Amt Accepted: $2,017 million
• Total Par Amt Submitted: $5,763 million
• Maturity Date Range: 11/23/11 - 11/15/13

Of the purchase,

• $523 million Freddie Mac (FHLMC) bonds
• $776 million Fannie Mae (FNMA) bonds
• $718 million Federal Home Loan Bank (FHLB) bonds

Treasury Auction Schedule for the Week of 11/23/2009

The U.S. Treasury Department will auction another boatload of Treasury securities this week.

Monday November 23, 2009

• 13-week bill: $30 billion
• 26-week bill: $31 billion
• 2-year note (CUSIP: 912828MM9): $44 billion (same as last month)

Tuesday November 24, 2009

• 4-week bill: TBA (last week $32 billion)
• 5-year note (912828LZ1): $42 billion (last month $41 billion)

Wednesday November 25, 2009

• 7-year note (912828MA5): $32 billion (last month $31 billion)

Total for the week without 4-week bill: $179 billion

• Bills (without 4-week): $61 billion
• Notes: $118 billion

Treasury Auction Result for 11/17/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

4-week bill: $32 billion (last week $30 billion)

• Primary Dealer: $20.58 billion
• Indirect Bidder: $10.34 billion
• Indirect Bidder Percentage: 32.3% (last week 35.1%)
• Bid to Cover Ratio: 3.79 (last week 4.33)
• Investment Rate: 0.051% (last week 0.061%)
• High Rate: 0.050% (allotted at high: 47.62%) (last week 0.060% )

In addition, SOMA* purchased $5.94 billion 4-week bill.

52-week bill: $27 billion (last month $27 billion)

• Primary Dealer: $13.75 billion
• Indirect Bidder: $11.73 billion
• Indirect Bidder Percentage: 43.4% (last month 52.3%)
• Bid to Cover Ratio: 3.47 (last month 4.11)
• Investment Rate: 0.320% (last month 0.381%)
• High Rate: 0.315% (allotted at high: 88.81%) (last month high rate 0.375%)

Total for the week so far: $120 billion

• Bills: $120 billion
• Notes and bonds: $0 billion

Total for November 2009 so far: $379 billion

• Bills: $298 billion
• Notes and bonds: $81 billion

Additional purchase by SOMA* for November 2009 so far: $24.72 billion

• Bills: $14.65 billion
• Notes and bonds: $10.07 billion

Treasury Auction Result for 11/16/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

13-week bill: $30 billion (last week $30 billion)

• Primary Dealer: $18.57 billion
• Indirect Bidder: $7.57 billion
• Indirect Bidder Percentage: 25.2% (last week 35.2%)
• Bid to Cover Ratio: 3.94 (last week 3.82)
• Investment Rate: 0.066% (last week 0.066%)
• High Rate: 0.065% (allotted at high: 41.81%) (last week 4.541% )

26-week bill: $31 billion (last week $31 billion)

• Primary Dealer: $17.03 billion
• Indirect Bidder: $12.11 billion
• Indirect Bidder Percentage: 39.1% (43.3%)
• Bid to Cover Ratio: 3.65 (last week 3.62)
• Investment Rate: 0.167% (last week 0.167%)
• High Rate: 0.165% (allotted at high: 62.34%)

Total for the week so far: $61 billion

• Bills: $61 billion
• Notes and bonds: $0 billion

Total for November 2009 so far: $320 billion

• Bills: $239 billion
• Notes and bonds: $81 billion

Additional purchase by SOMA* for November 2009 so far: $18.78 billion

• Bills: $8.71 billion
• Notes and bonds: $10.07 billion

Treasury Auction Result for 11/12/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

30-year bond (912810QD3): $16 billion (last original issue (August 09) $15 billion)

• Primary Dealer: $7.01 billion
• Indirect Bidder: $7.03 billion
• Indirect Bidder Percentage: 43.9% (August issue 48%)
• Bid to Cover Ratio: 2.26 (August issue 2.54)
• Interest Rate: 4.375% (August issue 4.500%)
• High Yield: 4.469% (allotted at high: 18.01%) (August issue high yield: 4.541% )

In addition, SOMA* purchased $1.99 billion 30-year bond.

Total for the week: $172 billion

• Bills: $91 billion
• Notes and bonds: $81 billion

Total for November 2009 so far: $259 billion

• Bills: $178 billion
• Notes and bonds: $81 billion

Additional purchase by SOMA* for November 2009 so far: $18.78 billion

• Bills: $8.71 billion
• Notes and bonds: $10.07 billion

Bond Market Closed for Veterans Day

Today (November 11, 2009) the bond market is closed in observance of Veterans Day. The Federal Reserve Bank is also closed.

The auction for 30-year bond (CUSIP 912810QD3, $16 billion new issue) will be held tomorrow.

Treasury Auction Result for 11/10/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

4-week bill: $30 billion (last week $28 billion)

• Primary Dealer: $16.46 billion
• Indirect Bidder: $10.54 billion
• Indirect Bidder Percentage: 35.1% (last week 42.7%)
• Bid to Cover Ratio: 4.33 (last week 4.35)
• Investment Rate: 0.061% (last week 0.035%)
• High Rate: 0.060% (allotted at high: 43.45%)

In addition, SOMA* purchased $2.42 billion 4-week bill.

10-year note (912828LY4): $25 billion (last original issue (August 09) $23 billion)

• Primary Dealer: $11.94 billion
• Indirect Bidder: $11.73 billion
• Indirect Bidder Percentage: 46.9% (August issue 45.3%)
• Bid to Cover Ratio: 2.81 (August issue 2.49)
• Interest Rate: 3.375% (August issue 3.625%)
• High Yield: 3.470% (allotted at high: 82.49%) (August issue high yield: 3.734% )

In addition, SOMA* purchased $3.11 billion 10-year note.

Total for the week so far: $156 billion

• Bills: $91 billion
• Notes: $65 billion

Total for November 2009 so far: $243 billion

• Bills: $178 billion
• Notes: $65 billion

Additional purchase by SOMA* for November 2009 so far: $16.79 billion

• Bills: $8.71 billion
• Notes: $8.08 billion

Treasury Auction Result for 11/9/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

13-week bill: $30 billion

• Primary Dealer: $15.89 billion
• Indirect Bidder: 10.57 billion
• Indirect Bidder Percentage: 35.2% (last week 42.7%)
• Bid to Cover Ratio: 3.82 (last week 4.18)
• Investment Rate: 0.066% (last week 0.061%)
• High Rate: 0.065% (allotted at high: 94.45%)

26-week bill: $31 billion

• Primary Dealer: $13.87 billion
• Indirect Bidder: $13.43 billion
• Indirect Bidder Percentage: 43.3% (last week 48.3%)
• Bid to Cover Ratio: 3.62 (last week 3.73)
• Investment Rate: 0.167% (last week 0.173%)
• High Rate: 0.165% (allotted at high: 70.43%)

3-year note (912828LX6): $40 billion (last month $39 billion)

• Primary Dealer: $9.50 billion
• Indirect Bidder: $27.23 billion
• Indirect Bidder Percentage: 68.1% (last month 48.8%)
• Bid to Cover Ratio: 3.33 (2.76)
• Interest Rate: 1.375% (last month 1.375%)
• High Yield: 1.404% (allotted at high: 38.42%) (last month high yield: 1.445%)

In addition, SOMA* purchased $4.97 billion 3-year note.

Total for the week so far: $101 billion

• Bills: $61 billion
• Notes: $40 billion

Total for November 2009 so far: $188 billion

• Bills: $148 billion
• Notes: $40 billion

Additional purchase by SOMA* for November 2009 so far: $11.26 billion

• Bills: $6.29 billion
• Notes: $4.97 billion

Treasury Auction Result for 11/3/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

4-week bill: $28 billion

• Primary Dealer: $15.18 billion
• Indirect Bidder: $11.96 billion
• Indirect Bidder Percentage: 42.7% (last week 37.2%)
• Bid to Cover Ratio: 4.35 (last week 4.62)
• Investment Rate: 0.035% (last week 0.045%)
• High Rate: 0.035% (allotted at high: 84.30%)

In addition, SOMA* purchased $6.29 billion 4-week bill.

Total for the week so far: $87 billion

• Bills: $87 billion

Total for November 2009 so far: $87 billion

• Bills: $87 billion

Additional purchase by SOMA* for November 2009 so far: $6.29 billion

• Bills: $6.29 billion

Treasury Auction Result for 11/2/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

13-week bill: $29 billion

• Primary Dealer: $13.34 billion
• Indirect Bidder: $12.39 billion
• Indirect Bidder Percentage: 42.7% (last week 24%)
• Bid to Cover Ratio: 4.18 (last week 3.80)
• Investment Rate: 0.061% (last week 0.076%)
• High Rate: 0.060% (allotted at high: 45.60%)

26-week bill: $30 billion

• Primary Dealer: $11.68 billion
• Indirect Bidder: $14.62 billion
• Indirect Bidder Percentage: 48.7% (last week 48.4%)
• Bid to Cover Ratio: 3.73 (last week 3.47)
• Investment Rate: 0.173% (last week 0.188%)
• High Rate: 0.170% (allotted at high: 15.49%)

Total for the week so far: $59 billion

• Bills: $59 billion

Total for November 2009 so far: $59 billion

• Bills: $59 billion

Treasury Auction Schedule for the Week of 11/2/2009

The U.S. Treasury Department will auction the following Treasury securities this week.

Monday November 2, 2009

• 13-week bill: $29 billion
• 26-week bill: $30 billion

Tuesday November 3, 2009

• 4-week bill: TBA

Total for the week (without 4-week bill): $59 billion

Treasury Auction Result for 10/29/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

7-year note (912828LU2): $31 billion (last month $29 billion)

• Primary Dealer: $11.48 billion
• Indirect Bidder: $18.37 billion
• Indirect Bidder Percentage: 59.3% (last month 61.6%)
• Bid to Cover Ratio: 2.65 (last month 2.79)
• Interest Rate: 3.125% (last month 3%)
• High Yield: 3.141% (allotted at high: 46.79%)(last month high yield: 3.005%)

In addition, SOMA* purchased $764 million 7-year note.

Total for the week so far: $235 billion

• Bills: $112 billion
• Notes: $123 billion

Total for October 2009: $602 billion

• Bills: $401 billion
• Notes and bonds: $201 billion

Additional purchase by SOMA* for the month of October 2009: $15.604 billion

• Bills: $12.14 billion
• Notes and bonds: $3.464 billion

New York Fed Open Market Operation for 10/29/2009

As part of permanent Open Market Operations (OMO), the New York Fed purchased Treasury securities today.

• Operation type: Outright Coupon Purchase
• Total Par Amt Accepted: $1,936 million
• Total Par Amt Submitted: $10,978 million
• Maturity/Call Date Range: 12/31/2013 - 04/30/2016

The purchase included:

• 912828KN9 (5-year note, issued on 04/30/09): $546 million
• 912828KY5 (5-year note, issued on 06/30/09): $381 million
• 912828LC2 (5-year note, issued on 07/31/09): $362 million
• 912828LQ1 (5-year note, issued on 09/30/09): $330 million

Treasury Auction Result for 10/28/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

300-day CMB*: $25 billion

• Primary Dealer: $15.45 billion
• Indirect Bidder: $8.08 billion
• Indirect Bidder Percentage: 32.3%
• Bid to Cover Ratio: 3.85
• Investment Rate: 0.320%
• High Rate: 0.315% (allotted at high: 99.89%)

5-year note (912828LS7): $41 billion (last month $40 billion)

• Primary Dealer: $17.28 billion
• Indirect Bidder: $22.38 billion
• Indirect Bidder Percentage: 54.6% (last month 44.6%)
• Bid to Cover Ratio: 2.63 (last month 2.40)
• Interest Rate: 2.375% (last month 2.375%)
• High Yield: 2.388% (allotted at high: 2.81%)(last month high yield: 2.470%)

In addition, SOMA* purchased $1.01 billion 5-year note.

Total for the week so far: $204 billion

• Bills: $112 billion
• Notes: $92 billion

Total for October 2009 so far: $571 billion

• Bills: $401 billion
• Notes and bonds: $170 billion

Additional purchase by SOMA* for the month of October 2009 so far: $14.84 billion

• Bills: $12.14 billion
• Notes and bonds: $2.70 billion

Treasury Auction Result for 10/27/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

4-week bill: $28 billion (last week $24 billion)

• Primary Dealer: $14.87 billion
• Indirect Bidder: $10.42 billion
• Indirect Bidder Percentage: 37.2% (last week 27.5%)
• Bid to Cover Ratio: 4.62 (last week 4.50)
• Investment Rate: 0.046% (last week 0.046%)
• High Rate: 0.045% (allotted at high: 45.65%)

In addition, SOMA* purchased $3.78 billion 4-week bill.

2-year note: $44 billion (last month $43 billion)

• Primary Dealer: $12.78 billion
• Indirect Bidder: $19.32 billion
• Indirect Bidder Percentage: 43.9% (last month 44.6%)
• Bid to Cover Ratio: 3.63 (last month 3.23)
• Interest Rate: 1% (last month 1%)
• High Yield: 1.020% (allotted at high: 3.21%)(last month high yield: 1.034%)

In addition, SOMA* purchased $1.08 billion 2-year note.

Total for the week so far: $138 billion

• Bills: $87 billion
• Notes: $51 billion

Total for October 2009 so far: $505 billion

• Bills: $376 billion
• Notes and bonds: $129 billion

Additional purchase by SOMA* for the month of October 2009 so far: $13.83 billion

• Bills: $12.14 billion
• Notes and bonds: $1.69 billion

Treasury Auction Result for 10/26/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

13-week bill: $29 billion

• Primary Dealer: $17.64 billion
• Indirect Bidder: $6.95 billion
• Indirect Bidder Percentage: 24% (last week 45.9%)
• Bid to Cover Ratio: 3.80 (last week 4.03)
• Investment Rate: 0.076% (last week 0.081%)
• High Rate: 0.075% (allotted at high: 26.19%)

26-week bill: $30 billion

• Primary Dealer: $12.22 billion
• Indirect Bidder: $14.51 billion
• Indirect Bidder Percentage: 48.4% (last week 41.3%)
• Bid to Cover Ratio: 3.47 (last week 3.57)
• Investment Rate: 0.188% (last week 0.173%)
• High Rate: 0.185% (allotted at high: 6.24%)

4-year 6-months TIPS (reopening, original issue April 2009; 912828KM1): $7 billion

• Primary Dealer: $3.50 billion
• Indirect Bidder: $3.23 billion
• Indirect Bidder Percentage: 46.1% (original issue 24.9%)
• Bid to Cover Ratio: 3.10 (original issue 2.66)
• Interest Rate: 1.250%
• High Yield: 0.769% (allotted at high: 38.26%)(original issue high yield: 1.278%)

Total for the week so far: $66 billion

• Bills: $59 billion
• Notes: $7 billion

Total for October 2009 so far: $433 billion

• Bills: $348 billion
• Notes and bonds: $85 billion

Treasury Auction Schedule for the Week of 10/26/2009

The U.S. Treasury Department will auction the following Treasury securities this week.

Monday October 26, 2009

• 13-week bill: $29 billion
• 26-week bill: $30 billion
• 4-year 6-months TIPS (reopening, original issue April 2009; 912828KM1): $7 billion

Tuesday October 27, 2009

• 4-week bill: TBA
• 2-year note (912828LT5): $44 billion (last month $43 billion)

Wednesday October 28, 2009

• 5-year note (912828LS7): $41 billion (last month $40 billion)

Thursday October 29, 2009

• 7-year note (912828LU2): $31 billion (last month $29 billion)

Total for the week: $182 billion (without 4-week bill)

• Bills: $59 billion (without 4-week bill)
• Notes: $123 billion

Total for October 2009 so far: $367 billion

• Bills: $289 billion
• Notes and bonds: $78 billion

New York Fed Open Market Operation for 10/21/2009

As part of permanent Open Market Operations (OMO), the New York Fed purchased Treasury securities today.

• Operation type: Outright Coupon Purchase
• Total Par Amt Accepted: $1,050 million
• Total Par Amt Submitted: $6,958 million
• Maturity/Call Date Range: 08/15/2027 - 08/15/2039

The purchase included:

• 912810QC5 (30-year bond, originally issued on 8/15/09, with two successive reopenings): $555 million
• 912810FJ2 (30-year bond, issued on 8/16/99): $205 million

Treasury Auction Result for 10/20/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

4-week bill: $24 billion

• Primary Dealer: $15.70 billion
• Indirect Bidder: $6.61 billion
• Indirect Bidder Percentage: 27.5% (last week 30%)
• Bid to Cover Ratio: 4.50 (last week 4.31)
• Investment Rate: 0.046% (last week 0.051%)
• High Rate: 0.045% (allotted at high: 28.32%)

In addition, SOMA* purchased $5.94 billion 4-week bill.

52-week bill: $27 billion

• Primary Dealer: $11.43 billion
• Indirect Bidder: $14.11 billion
• Indirect Bidder Percentage: 52.3% (last month 50.2%)
• Bid to Cover Ratio: 4.11 (last month 3.13)
• Investment Rate: 0.381% (last month 0.412%)
• High Rate: 0.375% (allotted at high: 99.35%)

Total for the week so far: $111 billion

• Bills: $111 billion

Total for the month of October 2009 so far: $367 billion

• Bills: $289 billion
• Notes and bonds: $78 billion

Additional purchase by SOMA* for the month of October 2009 so far: $8.97 billion

• Bills: $8.36 billion
• Notes and bonds: $610 million

Treasury Auction Result for 10/19/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

13-week bill: $30 billion

• Primary Dealer: $14.15 billion
• Indirect Bidder: $13.76 billion
• Indirect Bidder Percentage: 45.9% (last week 49.4%)
• Bid to Cover Ratio: 4.03 (last week 3.96)
• Investment Rate: 0.081% (last week 0.071%)
• High Rate: 0.080% (allotted at high: 55.87%)

26-week bill: $30 billion

• Primary Dealer: $15.78 billion
• Indirect Bidder: $12.40 billion
• Indirect Bidder Percentage: 41.3% (last week 55.7%)
• Bid to Cover Ratio: 3.57 (last week 3.80)
• Investment Rate: 0.173% (last week 0.152%)
• High Rate: 0.170% (allotted at high: 95.49%)

Total for the week so far: $60 billion

• Bills: $60 billion

Total for the month of October 2009 so far: $316 billion

• Bills: $238 billion
• Notes and bonds: $78 billion

Additional purchase by SOMA* for the month of October 2009 so far: $3.03 billion

• Bills: $2.42 billion
• Notes and bonds: $610 million

New York Fed Open Market Operation Schedule for Treasuries

Treasury Auction Schedule for the Week of 10/19/2009

The U.S. Treasury Department will auction the following Treasury securities this week.

Monday October 19, 2009

• 13-week bill: $30 billion
• 26-week bill: $30 billion

Tuesday October 20, 2009

• 4-week bill: TBA
• 52-week bill: $27 billion

Total for the week (without 4-week bill): $87 billion

• Bills: $87 billion

Total for October 2009 so far: $256 billion

• Bills: $178 billion
• Notes and bonds: $78 billion

New York Fed Open Market Operation for 10/16/2009

As part of the permanent Open Market Operation (OMO), the New York Fed purchased agency bonds today.

• Operation type: Outright Agency Coupon Purchase
• Total Par Amt Accepted: $3,457 million
• Total Par Amt Submitted: $8,139 million
• Maturity Date Range: 10/18/10 - 10/15/11

Of the purchase,

• $1,171 million Freddie Mac (FHLMC) bonds
• $1,755 million Fannie Mae (FNMA) bonds
• $531 million Federal Home Loan Bank (FHLB) bonds

Treasury Auction Result for 10/14/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

4-week bill: $24 billion

• Primary Dealer: $15.36 billion
• Indirect Bidder: $7.21 billion
• Indirect Bidder Percentage: 30% (last week 60.5%)
• Bid to Cover Ratio: 4.31 (last week 4.78)
• Investment Rate: 0.051% (last week 0.041%)
• High Rate: 0.050% (allotted at high: 58.00%) (last week high rate 0.040%)

In addition, SOMA* purchased $2.42 billion 4-week bill.

Total for the week so far: $84 billion

• Bills: $84 billion

Total for the month of October 2009 so far: $256 billion

• Bills: $178 billion
• Notes and bonds: $78 billion

Additional purchase by SOMA* for the month of October 2009 so far: $3.03 billion

• Bills: $2.42 billion
• Notes and bonds: $610 million

Treasury Auction Result for 10/13/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

13-week bill: $30 billion

• Primary Dealer: $12.88 billion
• Indirect Bidder: $14.82 billion
• Indirect Bidder Percentage: 49.4% (last week 24.8%)
• Bid to Cover Ratio: 3.96 (last week 3.67)
• Investment Rate: 0.071% (last week 0.076%)
• High Rate: 0.070% (allotted at high: 47.63%) (last week high rate 0.075%)

26-week bill: $30 billion

• Primary Dealer: $10.00 billion
• Indirect Bidder: $16.71 billion
• Indirect Bidder Percentage: 55.7% (last week 45.2%)
• Bid to Cover Ratio: 3.80 (last week 3.49)
• Investment Rate: 0.152%
• High Rate: 0.150% (allotted at high: 73.32%)

Total for the week so far: $60 billion

• Bills: $60 billion

Total for the month of October 2009 so far: $232 billion

• Bills: $154billion
• Notes and bonds: $78 billion

Additional purchase by SOMA* for the month of October 2009 so far: $610 million

• Notes and bonds: $610 million

Treasury Auction Schedule for the Week of 10/12/2009

(Updated with 4-week bill amount)

The U.S. Treasury Department will auction the following Treasury securities during the week of 10/12/2009.

Tuesday October 13, 2009

• 13-week bill: $30 billion
• 26-week bill: $30 billion

Wednesday October 14, 2009

• 4-week bill: $24 billion

Total for the week: $84 billion

• Bills: $84 billion

New York Fed Open Market Operation for 10/13/2009

As part of permanent Open Market Operations (OMO), the New York Fed purchased Treasury securities today.

• Operation type: Outright Coupon Purchase
• Total Par Amt Accepted: $2,949 million
• Total Par Amt Submitted: $13,484 million
• Maturity/Call Date Range: 05/15/2016 - 08/15/2019

The purchase included:

• 912828FF2 (10-year note, issued on 05/15/06): $2,719 million

New York Fed Open Market Operation for 10/9/2009

As part of the permanent Open Market Operation (OMO), the New York Fed purchased agency bonds today.

• Operation type: Outright Agency Coupon Purchase
• Total Par Amt Accepted: $2,573 million
• Total Par Amt Submitted: $5,720 million
• Maturity Date Range: 10/15/11 - 09/16/13

Of the purchase,

• $1,075 million from Freddie Mac (FHLMC)
• $774 million from Fannie Mae (FNMA)
• $724 million from Federal Home Loan Bank (FHLB)

Treasury Auction Result for 10/8/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

16-day CMB*: $10 billion (maturing on October 29)

• Primary Dealer: $8.46 billion
• Indirect Bidder: $1.13 billion
• Indirect Bidder Percentage: 11.3%
• Bid to Cover Ratio: 6.29
• Investment Rate: 0.041% (same rate as 4-week bill)
• High Rate: 0.040% (allotted at high: 12.71%)

29-year 10-month bond: $12 billion
(2nd reopening: original issue August 2009, 1st reopening September 2009, CUSIP 912810QC5; original issue $15 billion, 1st reopening $12 billion)

• Primary Dealer: $6.83 billion
• Indirect Bidder: $4.13 billion
• Indirect Bidder Percentage: 34.4% (original issue 48%)
• Bid to Cover Ratio: 2.37 (original issue 2.54)
• Interest Rate: 4.500%
• High Yield: 4.009% (allotted at high: 27.53%) (original issue high yield 4.541%)

In addition, SOMA* purchased $94 million 29-year 10-month bond.

Total for the week so far: $172 billion

• Bills: $94 billion
• Notes and bonds: $78 billion

Total for the month of October 2009 so far: $172 billion

• Bills: $94 billion
• Notes and bonds: $78 billion

Additional purchase by SOMA* for the month of October 2009 so far: $610 million

• Notes and bonds: $610 million

Treasury Auction Result for 10/7/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

9-year 10-month note (CUSIP 912828LJ7): $20 billion
(2nd reopening. original issue (August 09) $23 billion, 1st reopening (September 09) $20 billion)

• Primary Dealer: $9.43 billion
• Indirect Bidder: $9.42 billion
• Indirect Bidder Percentage: 47.1% (original issue 45.3%)
• Bid to Cover Ratio: 3.01 (original issue 2.49)
• Interest Rate: 3.625%
• High Yield: 3.210% (allotted at high: 12.77%) (original issue high yield 3.734%)

In addition, SOMA* purchased $156 million 9-year 10-month note.

Total for the week so far: $150 billion

• Bills: $84 billion
• Notes and bonds: $66 billion

Total for the month of October 2009 so far: $150 billion

• Bills: $84 billion
• Notes and bonds: $66 billion

Additional purchase by SOMA* for the month of October 2009 so far: $516 million

• Notes and bonds: $516 million

New York Fed Open Market Operation for 10/7/2009

As part of permanent Open Market Operations (OMO), the New York Fed purchased Treasury securities today.

• Operation type: Outright Coupon Purchase
• Total Par Amt Accepted: $1,300 million
• Total Par Amt Submitted: $7,895 million
• Maturity/Call Date Range: 02/15/2021 - 02/15/2026

The purchase included:

• 912810EL8 (30-year bond, issued on 11/15/91): $645 million
• 912810ES3 (30-year bond, issued on 8/15/94): $365 million

Fed Open Market Operations Schedule for October 2009

New York Fed announced the tentative schedule of its Permanent Open Market Operation for Treasuries for October 2009.

Treasury Auction Result for 10/6/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

4-week bill: $24 billion (last week $22 billion)

• Primary Dealer: $7.09 billion
• Indirect Bidder: $14.51 billion
• Indirect Bidder Percentage: 60.5% (last week 25.4%)
• Bid to Cover Ratio: 4.78 (last week 3.67)
• Investment Rate: 0.041% (last week 0.041%)
• High Rate: 0.040% (allotted at high: 83.65%)

3-year note (CUSIP: 912828LR9): $39 billion (last month $38 billion)

• Primary Dealer: $15.54 billion
• Indirect Bidder: $19.05 billion
• Indirect Bidder Percentage: 48.8% (last month 54%)
• Bid to Cover Ratio: 2.76 (last month 3.02)
• Interest Rate: 1.375% (last month 1.375%)
• High Yield: 1.445% (allotted at high: 60.96%) (last month high yield 1.487%)

In addition, SOMA* purchased $305 million 3-year note.

Total for the week so far: $130 billion

• Bills: $84 billion
• Notes and bonds: $46 billion

Total for the month of October 2009 so far: $130 billion

• Bills: $84 billion
• Notes and bonds: $46 billion

Additional purchase by SOMA* for the month of October 2009 so far: $360 million

• Notes and bonds: $360 million

October 2009 Auction Tally

Treasury Auction Result for 10/5/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

13-week bill: $30 billion

• Primary Dealer: $18.67 billion
• Indirect Bidder: $7.43 billion
• Indirect Bidder Percentage: 24.8% (last week 30.4%)
• Bid to Cover Ratio: 3.67 (last week 3.65)
• Investment Rate: 0.076% (last week 0.117%)
• High Rate: 0.075% (allotted at high: 37.86%)

26-week bill: $30 billion

• Primary Dealer: $13.45 billion
• Indirect Bidder: $13.57 billion
• Indirect Bidder Percentage: 45.2% (last week 69.6%)
• Bid to Cover Ratio: 3.49 (last week 3.80)
• Investment Rate: 0.152% (last week 0.193%)
• High Rate: 0.150% (allotted at high: 31.41%)

9-year 9-month TIPS: $7 billion
(reopening: original issue July 2009, CUSIP 912828LA6, $8 billion)

• Primary Dealer: $3.80 billion
• Indirect Bidder: $3.01 billion
• Indirect Bidder Percentage: 43%
• Bid to Cover Ratio: 3.12 (original issue: 2.51)
• Interest Rate: 1.875%
• High Yield: 1.510% (allotted at high: 14.26%) (original issue high yield: 1.920%)

In addition, SOMA* purchased $55 million 9-year 9-month TIPS.

Total for the week so far: $67 billion

• Bills: $60 billion
• Notes and bonds: $7 billion

Total for the month of October 2009 so far: $67 billion

• Bills: $60 billion
• Notes and bonds: $7 billion

Additional purchase by SOMA* for the month of October 2009 so far: $55 million

• Notes and bonds: $55 million

Treasury Auction Schedule for the Week of 10/5/2009

The U.S. Treasury Department will auction the following Treasury securities during the week of 10/5/2009.

Monday October 5, 2009

• 13-week bill: $30 billion
• 26-week bill: $30 billion
• 9-year 9-month TIPS (reopening: original issue July 2009, CUSIP 912828LA6): $7 billion
  
  (original issue $8 billion)
  

Tuesday October 6, 2009

• 4-week bill: $24 billion
• 3-year note (CUSIP: 912828LR9): $39 billion (last month $38 billion)
  

Wednesday October 7, 2009

• 9-year 10-month note (2nd reopening: original issue August 2009, CUSIP 912828LJ7): $20 billion
  
  (original issue $23 billion, 1st reopening (September) $20 billion)
  

Thursday October 8, 2009

• 29-year 10-month bond (2nd reopening: original issue Ausut 2009, CUSIP 912810QC5): $12 billion
  
  (original issue $15 billion, 1st reopening $12 billion)
  

Total for the week: $162 billion

• Bills: $84 billion
• Notes and bonds: $78 billion
  

New York Fed Open Market Operation for 10/1/2009

As part of the permanent Open Market Operation (OMO), the New York Fed purchased agency bonds today.

• Operation type: Outright Agency Coupon Purchase
• Total Par Amt Accepted: $2,635 million
• Total Par Amt Submitted: $5,855 million
• Maturity Date Range: 10/15/13 - 03/15/16

Treasury Auction Result for 9/29/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

4-week bill: $22 billion (last week $16 billion)

• Primary Dealer: $15.38 billion
• Indirect Bidder: $5.58 billion
• Indirect Bidder Percentage: 25.4% (last week 22.7%)
• Bid to Cover Ratio: 3.67 (last week 5.18)
• Investment Rate: 0.041% (last week 0.041%)
• High Rate: 0.040% (allotted at high: 37.39%)

In addition, SOMA* purchased $3.78 billion 4-week note.

Total for the week so far: $81 billion

• Bills: $81 billion

Total for the month of September so far: $572 billion

• Bills: $390 billion
• Notes and bonds: $182 billion

Additional purchase by SOMA* for the month of September so far: $24.72 billion

• Bills: $22.21 billion
• Notes and bonds: $2.51 billion

New York Fed Open Market Operation for 9/29/2009

As part of permanent Open Market Operations (OMO), the New York Fed purchased Treasury securities today.

• Operation type: Outright Coupon Purchase
• Total Par Amt Accepted: $3,545 million
• Total Par Amt Submitted: $19,978 million
• Maturity/Call Date Range: 05/15/2012 - 11/15/2013

The purchase included:

• 912828LM0 (3-year note, auctioned on 9/8/09): $3,515 million, bringing the Fed's holding of this note to $3,595 million

Treasury Auction Result for 9/28/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

13-week bill: $30 billion (last week $29 billion)

• Primary Dealer: $15.69 billion
• Indirect Bidder: $9.11 billion
• Indirect Bidder Percentage: 30.4% (last week 19.7%)
• Bid to Cover Ratio: 3.65 (last week 4.12)
• Investment Rate: 0.117% (last week 0.101%)
• High Rate: 0.115% (allotted at high: 38.02%)

26-week bill: $29 billion

• Primary Dealer: $6.87 billion
• Indirect Bidder: $20.19 billion
• Indirect Bidder Percentage: 69.6% (last week 46.6%)
• Bid to Cover Ratio: 3.80 (last week 3.76)
• Interest Rate: 0.193% (last week 0.193%)
• High Rate: 0.190% (allotted at high: 3.61%)

Total for the week so far: $59 billion

• Bills: $59 billion

Total for the month of September so far: $550 billion

• Bills: $368 billion
• Notes and bonds: $182 billion

Additional purchase by SOMA* for the month of September so far: $20.94 billion

• Bills: $18.43 billion
• Notes and bonds: $2.51 billion

Treasury Auction Schedule for the Week of 9/28/2009

The U.S. Treasury Department will auction the following Treasury securities this week.

Monday September 28, 2009

• 13-week bill: $30 billion
• 26-week bill: $29 billion

Tuesday September 29, 2009

• 4-week bill: $22 billion

Total for the week: $81 billion

• Bills: $81 billion

Treasury Auction Result for 9/24/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

7-year note (CUSIP: 912828LP3): $29 billion (last month $28 billion)

• Primary Dealer: $9.27 billion
• Indirect Bidder: $17.87 billion
• Indirect Bidder Percentage: 61.6% (last month 61.1%)
• Bid to Cover Ratio: 2.79 (last month 2.74)
• Interest Rate: 3.000% (last month 3.000%)
• High Yield: 3.005% (allotted at high: 30.22%) (last month high yield 3.092%)

In addition, SOMA* purchased $514 million 7-year note.

Total for the week so far: $213 billion

• Bills: $101 billion
• Notes: $112 billion

Total for the month of September so far: $491 billion

• Bills: $309 billion
• Notes and bonds: $182 billion

Additional purchase by SOMA* for the month of September so far: $20.94 billion

• Bills: $18.43 billion
• Notes and bonds: $2.51 billion

Treasury Auction Result for 9/23/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

5-year note (CUSIP: 912828LQ1): $40 billion (last month $39 billion)

• Primary Dealer: $17.65 billion
• Indirect Bidder: $17.85 billion
• Indirect Bidder Percentage: 44.6% (last month 56.2%)
• Bid to Cover Ratio: 2.40 (last month 2.51)
• Interest Rate: 2.375% (last month 2.375%)
• High Yield: 2.470% (allotted at high: 39.82%)

In addition, SOMA* purchased $709 million 5-year note.

Total for the week so far: $184 billion

• Bills: $101 billion
• Notes: $83 billion

Total for the month of September so far: $462 billion

• Bills: $309 billion
• Notes and bonds: $153 billion

Additional purchase by SOMA* for the month of September so far: $20.426 billion

• Bills: $18.43 billion
• Notes and bonds: $1.996 billion

Treasury Auction Result for 9/22/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

4-week bill: $16 billion

• Primary Dealer: $10.87 billion
• Indirect Bidder: $3.63 billion
• Indirect Bidder Percentage: 22.7% (last week 51.5%)
• Bid to Cover Ratio: 5.18 (last week 5.69)
• Investment Rate: 0.041% (last week 0.030%)
• High Rate: 0.040% (allotted at high: 58.35%)

In addition, SOMA* purchased $5.94 billion 4-week bill.

52-week bill: $27 billion

• Primary Dealer: $12.51 billion
• Indirect Bidder: $13.55 billion
• Indirect Bidder Percentage: 50.2% (last month 46.3%)
• Bid to Cover Ratio: 3.13 (last month 3.44)
• Investment Rate: 0.412% (last month 0.468%)
• High Rate: 0.405% (allotted at high: 71.84%)

2-year note (CUSIP: 912828LW8): $43 billion (last month $42 billion)

• Primary Dealer: $18.26 billion
• Indirect Bidder: $19.18 billion
• Indirect Bidder Percentage: 44.6% (last month 48.7%)
• Bid to Cover Ratio: 3.23 (last month 2.68)
• Interest Rate: 1% (last month 1%)
• High Yield: 1.034% (allotted at high: 27.16%)

In addition, SOMA* purchased $762 million 2-year note.

Total for the week so far: $144 billion

• Bills: $101 billion
• Notes: $43 billion

Total for the month of September so far: $422 billion

• Bills: $309 billion
• Notes and bonds: $113 billion

Additional purchase by SOMA* for the month of September so far: $19.717 billion

• Bills: $18.43 billion
• Notes and bonds: $1.287 billion

Treasury Auction Result for 9/21/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

13-week bill: $29 billion

• Primary Dealer: $18.69 billion
• Indirect Bidder: $5.71 billion
• Indirect Bidder Percentage: 19.7% (last week 35.4%)
• Bid to Cover Ratio: 4.12 (last week 4.29)
• Investment Rate: 0.101% (last week 0.137%)
• High Yield: 0.100% (allotted at high: 5.24%)

26-week bill: $29 billion

• Primary Dealer: $12.16 billion
• Indirect Bidder: $13.50 billion
• Indirect Bidder Percentage: 46.6% (last week 56.1%)
• Bid to Cover Ratio: 3.76 (last week 4.29)
• Investment Rate: 0.193% (last week 0.213%)
• High Yield: 0.190% (allotted at high: 53.44%)

Total for the week so far: $58 billion

• Bills: $58 billion

Total for the month of September so far: $336 billion

• Bills: $266 billion
• Notes and bonds: $70 billion

Additional purchase by SOMA* for the month of September so far: $13.015 billion

• Bills: $12.49 billion
• Notes and bonds: $0.525 billion

New York Fed Open Market Operation for 9/21/2009

As part of permanent Open Market Operations (OMO), the New York Fed purchased Treasury securities today.

• Operation type: Outright Coupon Purchase
• Total Par Amt Accepted: $4,050 million
• Total Par Amt Submitted: $15,299 million
• Maturity/Call Date Range: 12/31/2013 - 04/30/2016

The purchase included:

• 912828LC2 (5-year note, issued on 7/31/09): $2,492 million, bringing the Fed's holding of this note to $3,469 million
• 912828DV9 (6-year 7-month note, issued on 10/15/08; this was a second reopening of 10-year note issued on 5/16/2005, over 3 years after the original issue): $550 million

Treasury Auction Schedule for the Week of 9/21/2009

The U.S. Treasury Department will auction the following Treasury securities this week.

Monday September 21, 2009

• 13-week bill: $29 billion
• 26-week bill: $29 billion

Tuesday September 22, 2009

• 4-week bill: TBA
• 52-week bill: $27 billion
• 2-year note: $42 billion

Wednesday September 23, 2009

• 5-year note: $40 billion (August $39 billion)
  

Thursday September 24, 2009

• 7-year note: $29 billion (August $28 billion)
  

Total for the week without 4-week bill: $196 billion

• Bills: $85 billion
• Notes: $111 billion

------------------------------
Political/financial calender:

• September 22/23: Federal Reserve FOMC meeting
  
• September 24/25: G20 summit in Pittsburgh

New York Fed Open Market Operation for 9/18/2009

As part of the permanent Open Market Operation (OMO), the New York Fed purchased agency bonds today.

• Operation type: Outright Agency Coupon Purchase
• Total Par Amt Accepted: $4,047 million
• Total Par Amt Submitted: $8,993 million
• Maturity Date Range: 10/12/10 - 09/16/11

New York Fed Open Market Operation for 9/16/2009

As part of permanent Open Market Operations (OMO), the New York Fed purchased Treasury securities today.

• Operation type: Outright Coupon Purchase
• Total Par Amt Accepted: $1,799 million
• Total Par Amt Submitted: $16,391 million
• Maturity/Call Date Range: 08/15/2010 - 04/30/2011

The purchase included:

• 912828KE9 (2-year note, auctioned on 2/24/09):$667 million
• 912828KL3 (2-year note, auctioned on 4/27/09):$300 million

Treasury Auction Result for 9/15/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

4-week bill: $15 billion

• Primary Dealer: $6.69 billion
• Indirect Bidder: $7.72 billion
• Indirect bidder Percentage: 51.5% (last week: 38.7%)
• Bid to Cover Ratio: 5.69 (last week: 4.49)
• Investment Rate: 0.030% (last week: 0.091%)
• High Rate: 0.030% (allotted at high: 97.33%)

In addition, SOMA* purchased $2.42 billion 4-week bill.

Total for the week: $73 billion

• Bills: $73 billion

Total for the month of September so far: $278 billion

• Bills: $208 billion
• Notes and bonds: $70 billion

Additional purchase by SOMA for the month of September so far: $13.015 billion

• Bills: $12.49 billion
• Notes and bonds: $0.525 billion

New York Fed Open Market Operation for 9/15/2009

As part of permanent Open Market Operations (OMO), the New York Fed purchased Treasury securities today.

• Operation type: Outright Coupon Purchase
• Total Par Amt Accepted: $2,049 million
• Total Par Amt Submitted: $7,004 million
• Maturity/Call Date Range: 02/15/2021 - 02/15/2026

The purchase included:

• 912810EJ3 (30-year bond, issued on 5/15/91):$871 million
• 912810EL8 (30-year bond, issued on 11/15/91):$797 million

Treasury Auction Result for 9/14/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

13-week bill: $29 billion

• Primary Dealer: $14.98 billion
• Indirect Bidder: $10.27 billion
• Indirect Bidder Percentage: 35% (last week: 19%)
• Bid to Cover Ratio: 4.29 (last week: 3.60)
• Investment Rate: 0.137% (last week: 0.142%)
• High Rate: 0.135% (allotted at high: 73.95%)

26-week bill : $29 billion

• Primary Dealer: $9.87 billion
• Indirect Bidder: $16.26 billion
• Indirect Bidder Percentage: 56% (last week: 47%)
• Bid to Cover Ratio: 4.29 (last week: 3.50)
• Investment Rate: 0.213% (last week: 0.228%)
• High Rate: 0.210% (allotted at high: 14.63%)

Total for the week: $58 billion

• Bills: $58 billion

Total for the month of September so far: $263 billion

• Bills: $193 billion
• Notes and bonds: $70 billion

Additional purchase by SOMA for the month of September so far: $10.595 billion

• Bills: $10.07 billion
• Notes and bonds: $0.525 billion

*Scroll down to the bottom to see the definition.

Treasury Auction Schedule for the Week of 9/14/09

The U.S. Treasury Department will auction the following Treasury securities this week.

Monday September 14, 2009

• 13-week bill: $29 billion
• 26-week bill: $29 billion

Tuesday September 15, 2009

• 4-week bill: $15 billion

Total for the week: $73 billion

• Bills: $73 billion

New York Fed Open Market Operation for 9/11/2009

As part of the permanent Open Market Operation (OMO), the New York Fed purchased agency bonds today.

• Operation type: Outright Agency Coupon Purchase
• Total Par Amt Accepted: $2,793 million
• Total Par Amt Submitted: $6,209 million
• Maturity Date Range: 09/16/13 - 01/19/16

Treasury Auction Result for 9/10/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

29-year 11-month bond (CUSIP 912810QC5) : $12 billion
(reopening; original issue was August 2009 at 4.500%)

• Primary Dealer: $6.17 billion
• Indirect Bidder: $5.57 billion
• Indirect Bidder Percentage: 46.4% (original issue 48%)
• Bid to Cover Ratio: 2.92 (original issue 2.54)
• Interest Rate: 4.500%
• High Yield: 4.238% (allotted at high: 85.35%) (original issue high yield 4.541%)

In addition, SOMA* purchased $25 million of this bond.

Total for the week: $150 billion

• Bills: $80 billion
• Notes and bonds: $70 billion

Total for the month of September so far: $205 billion

• Bills: $135 billion
• Notes and bonds: $70 billion

Additional purchase by SOMA for the month of September so far: $10.595 billion

• Bills: $10.07 billion
• Notes and bonds: $0.525 billion

*Scroll down to the bottom to see the definition.

Treasury Auction Result for 9/9/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

4-week bill: $22 billion

• Primary Dealer: $12.91 billion
• Indirect Bidder: $8.51 billion
• Indirect Bidder Percentage: 38.7% (last week 33%)
• Bid to Cover Ratio: 4.49 (last week 4.07)
• Investment Rate: 0.091% (last week 0.086%)
• High Rate: 0.090% (allotted at high: 10.76%)

In addition, SOMA* purchased $6.29 billion 4-week bill.

9-year 11-month note (CUSIP: 912828LJ7; reopening of August 09 auction): $20 billion

• Primary Dealer: $8.32 billion
• Indirect Bidder: $10.99 billion
• Indirect Bidder percentage: 55% (original issue 45%)
• Bid to Cover Ratio: 2.77 (original issue 2.49)
• Interest Rate: 3.625%
• High Yield: 3.510% (allotted at high: 78.40%) (original issue High Yield 3.734%)

In addition, SOMA* purchased $42 million 9-year 11-month note.

Total for the week so far: $138 billion

• Bills: $80 billion
• Notes: $58 billion

Total for the month of September so far: $193 billion

• Bills: $135 billion
• Notes: $58 billion

Additional purchase by SOMA for the month of September so far: $10.57 billion

• Bills: $10.07 billion
• Notes: $0.50 billion

Treasury Auction Result for 9/8/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

13-week bill: $29 billion

• Primary Dealer: $20.89 billion
• Indirect Bidder: $5.56 billion
• Indirect Bidder Percentage: 19% (last week 43.6%)
• Bid to Cover Ratio: 3.60 (last week 3.94)
• Investment Rate: 0.142% (last week 0.150%)
• High Rate: 0.140% (allotted at high: 82.36%)

26-week bill: $29 billion

• Primary Dealer: $12.77 billion
• Indirect Bidder: $13.59 billion
• Indirect Bidder percentage: 46.9% (last weel 54.5%)
• Bid to Cover Ratio: 3.50 (last week 3.84)
• Investment Rate: 0.228% (last week 0.244%)
• High Rate: 0.225% (allotted at high: 37.32%)

3-year note (CUSIP: 912828LM0): $38 billion

• Primary Dealer: $16.07 billion
• Indirect Bidder: $20.51 billion
• Indirect Bidder percentage: 54% (last month 62%)
• Bid to Cover Ratio: 3.02 (last month 2.89)
• Interest Rate: 1.375% (last month 1.750%)
• High Yield: 1.487% (allotted at high: 54.60%)

In addition, SOMA* purchased $80 million 3-year note.

Total for the week so far: $96 billion

• Bills: $58 billion
• Notes: $38 billion

Total for the month of September so far: $151 billion

• Bills: $113 billion
• Notes: $38 billion

Additional purchase by SOMA for the month of September so far: $3.86 billion

• Bills: $3.78 billion
• Notes: $0.08 billion

New York Fed Open Market Operation for 9/8/2009

As part of permanent Open Market Operations (OMO), the New York Fed purchased Treasury securities today.

• Operation type: Outright Coupon Purchase
• Total Par Amt Accepted: $4,950 million
• Total Par Amt Submitted: $14,486 million
• Maturity/Call Date Range: 05/15/2016 - 08/15/2019

Treasury Auction Schedule for the Week of 9/7/2009

The U.S. Treasury Department will auction the following Treasury securities this week.

Tuesday September 8, 2009

• 13-week bill: $29 billion
• 26-week bill: $29 billion
• 3-year note (CUSIP: 912828LM0): $38 billion

Wednesday September 9, 2009

• 4-week bill: $22 billion
• 9-year 11-month note (912828LJ7): $20 billion (reopening. Original offer August 2009, 3.625%)

Thursday September 10, 2009

• 29-year 11 month bond (912810QC5): $12 billion (reopening. Orignial offer August 2009, 4.500%)

Total for the week without 4-week bill: $150 billion

• Bills: $80 billion
• Notes and bonds: $70 billion

Treasury Auction Result for 9/3/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

308-day Cash Management Bill (CMB*): $29 billion

• Primary Dealer: $12.11 billion
• Indirect Bidder: $15.66 billion
• Indirect Bidder Percentage: 54%
• Bid to Cover Ratio: 3.82
• Investment Rate: 0.391%
• High Rate: 0.385% (allotted at high: 75.37%)

This is a regular CMB auction to assist the temporary shortfall of funds for the normal government operations, and not SFP*.

Total for the week so far: $114 billion

• Bills: $114 billion

Total for the month of September so far: $55 billion

• Bills: $55 billion

Additional purchase by SOMA for the month of September so far: $3.78 billion

• Bills: $3.78 billion

New York Fed Open Market Operation for 9/3/2009

As part of the permanent Open Market Operation (OMO), the New York Fed purchased agency bonds today.

• Operation type: Outright Agency Coupon Purchase
• Total Par Amt Accepted: $3,779 million
• Total Par Amt Submitted: $7,558 million
• Maturity Date Range: 09/15/11 - 08/14/13

Treasury Auction Result for 9/1/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

4-week bill: $26 billion

• Primary Dealer: $16.77 billion
• Indirect Bidder: $8.62 billion
• Indirect Bidder Percentage: 33% (last week 13%)
• Bid to Cover Ratio: 4.07 (last week 3.62)
• Investment Rate: 0.086% (last week 0.122%)
• High Rate: 0.085% (allotted at high: 28.60%)

In addition, SOMA* purchased $3.78 billion 4-week bill.

Total for the week so far: $85 billion

• Bills: $85 billion

Total for the month of September so far: $26 billion

• Bills: $26 billion

Additional purchase by SOMA for the month of September so far: $3.78 billion

• Bills: $3.78 billion

Auction Tally for September 2009

New York Fed Open Market Operation for 9/1/2009

As part of permanent Open Market Operations (OMO), the New York Fed purchased Treasury securities today.

• Operation type: Outright Coupon Purchase
• Total Par Amt Accepted: $5,600 million
• Total Par Amt Submitted: $17,038 million
• Maturity/Call Date Range: 05/15/2012 - 11/15/2013

The purchase included:

• 912828LH1: 3-year note, $5,144 million, auctioned on 8/11/2009. With today's purchase the Fed owns $10,859 million of this note.

Treasury Auction Result for 8/31/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

13-week bill: $30 billion

• Primary Dealer: $13.39 billion
• Indirect Bidder: $13.09 billion
• Indirect Bidder Percentage: 44% (last week 41%)
• Bid to Cover Ratio: 3.94 (last week: 3.89)
• Investment Rate: 0.152% (last week: 0.162%)
• High Rate: 0.160% (allotted at high: 53.23%)

26-week bill: $29 billion

• Primary Dealer: $9.60 billion
• Indirect Bidder: $15.79 billion
• Indirect Bidder Percentage: 54% (high; last week 28%)
• Bid to Cover Ratio: 3.84 (last week 3.49)
• Investment Rate: 0.244% (last week 0.259%)
• High Rate: 0.240 (allotted at high: 93.98%)

Total for the week so far: $59 billion

• Bills: $59 billion

Total for the month of August: $782 billion

• Bills: $598 billion ($100 billion of which is for the Federal Reserve under SFP*.)
• Notes and bonds: $184 billion

Additional purchase by SOMA* for the month of August: $33.28 billion

• Bills: $18.43 billion
• Notes: $14.85 billion

*Scroll down to the bottom to see the explanation.

New York Fed Open Market Operation for 8/28/2009

As part of the permanent Open Market Operation (OMO), the New York Fed purchased agency bonds today.

• Operation type: Outright Agency Coupon Purchase
• Total Par Amt Accepted: $1,945 million
• Total Par Amt Submitted: $4,700 million
• Maturity Date Range: 03/15/16 - 07/15/32
  

Treasury Auction Schedule for the Week of 8/31/2009

The U.S. Treasury Department will auction the following Treasury securities next week.

Monday August 31, 2009

• 13-week bill: $30 billion
• 26-week bill: $29 billion

Total for next week: $59 billion

Total for the month of August so far: $723 billion

• Bills: $539 billion ($100 billion of which is for the Federal Reserve under SFP*.)
• Notes and bonds: $184 billion

Additional purchase by SOMA* for the month of August so far: $33.28 billion

• Bills: $18.43 billion
• Notes: $14.85 billion

*Scroll down to the bottom to see the explanation.

Treasury Auction Result for 8/27/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

7-year note (912828LL2): $28 billion

• Primary Dealer: $10.27 billion
• Indirect Bidder: $17.10 billion
• Indirect Bidder Percentage: 61% (last month 62%)
• Bid to Cover Ratio: 2.74 (last month: 2.63 )
• Interest Rate: 3% (last month: 3.250%)
• High Rate: 3.092% (allotted at high: 46.29%)

In addition, SOMA* purchased $843 million 7-year note.

Total for the week so far: $227 billion

• Bills: $118 billion
• Notes: $109 billion

Total for the month of August so far: $723 billion

• Bills: $539 billion ($100 billion of which is for the Federal Reserve under SFP*.)
• Notes and bonds: $184 billion

Additional purchase by SOMA* for the month of August: $33.28 billion

• Bills: $18.43 billion
• Notes: $14.85 billion

*Scroll down to the bottom to see the explanation.

Treasury Auction Result for 8/26/2009

The U.S. Treasury Department auctioned the following Treasury securities today.

5-year note (912828LK4): $39 billion

• Primary Dealer: $15.79 billion
• Indirect Bidder: $21.93 billion
• Indirect Bidder Percentage: 56% (last month 37%)
• Bid to Cover Ratio: 2.51 (last month 1.92)
• Interest Rate: 2.375%
• High Rate: 2.494% (allotted at high: 16.55%)

In addition, SOMA* purchased $1.17 billion 5-year note.

Total for the week so far: $199 billion

• Bills: $118 billion
• Notes: $81 billion

Total for the month of August so far: $695 billion

• Bills: $539 billion ($100 billion of which is for the Federal Reserve under SFP*.)
• Notes and bonds: $156 billion

Additional purchase by SOMA* for the month of August: $32.44 billion

• Bills: $18.43 billion
• Notes: $14.01 billion

*Scroll down to the bottom to see the explanation.