As part of permanent Open Market Operations (OMO), the New York Fed purchased the agency bonds today:
Labels: agency, Fed Open Market Operations
As part of permanent Open Market Operations (OMO), the New York Fed purchased the Treasury securities today:
Labels: Fed Open Market Operations, treasuries
The U.S. Treasury Department auctioned the following Treasury securities today.
30-year bond: $11 billion
This was a second reopening*. The original issue date was May 15, 2009. (The next original issue will be in August.)
In addition, SOMA purchased $186 million
Total for the week: $170 billion
Additional SOMA purchase: $5.014 billion
* Scroll down to the bottom to see the definition.
Labels: daily, Treasury Auction Result
Today, the U.S. Treasury Department, the Federal Reserve and FDIC jointly announced the Legacy Securities Public-Private Investment Program ("PPIP").
Joint Statement by Secretary of the Treasury Timothy F. Geithner, Chairman of the Board of Governors of the Federal Reserve System Ben S. Bernanke, and Chairman of the Federal Deposit Insurance Corporation Sheila Bair
The Treasury Department has pre-qualified 9 firms to be the fund managers:
These firms in turn have formed partnerships with 10 leading small-, veteran-,
minority-, and women-owned financial services businesses:
Labels: Treasury Department-Related News
The U.S. Treasury Department auctioned the following Treasury securities today.
10-year note: $19 billion
This was a second reopening*. The original issue date was May 15, 2009. (The next original issue will be in August.)
In addition, SOMA purchased $321 million
Total for the week: $159 billion
Additional SOMA purchase: $4.83 billion
* Scroll down to the bottom to see the definition.
Labels: daily, Treasury Auction Result
The U.S. Treasury Department auctioned the following Treasury securities today.
4-week bill: $34 billion
SOMA bought additional $3.78 billion 4-week bill.
3-year note: $35 billion
In addition, SOMA purchased $592 million of 3-year note.
Total for the week: $140 billion
Additional SOMA purchase: $4.51 billion
Labels: daily, Treasury Auction Result
The U.S. Treasury Department auctioned the following Treasury securities today.
13-week bill: $32 billion
In addition, SOMA purchased $135 million of 10-year TIPS.
Total for the week: $71 billion
Additional SOMA purchase: $135 million
Labels: daily, Treasury Auction Result
Treasury Department auctioned the following Treasury securities in the week of June 29, 2009. For details, click on the date.
Monday June 29, 2009
SOMA bought additional $5.94 billion 4-week bill.
Total for the week: $124 billion
Total for the month of June 2009: $659 billion
Total additional purchase by SOMA for the month of June: $28.07 billion
Labels: monthly, Treasury Auction Result, weekly
| Terminology | |
| SOMA | System Open Market Account at the Federal Reserve New York Bank |
| Primary Dealer | A bank or securities broker-dealer that may trade directly with the Federal Reserve System. Primary Dealers are required to bid at Treasury auctions. Current list of Primary Dealers is available at New york Fed. |
| Indirect Bidder | Supposed to be the foreign investors, both foreign central banks and foreign private investors |
| Bid to Cover ratio | The number of bids received divided by the number of bids accepted. The higher the ratio, the higher the demand. |
| Reopening | The U.S. Treasury issues additional amounts of a previously issued security. The reopened security has the same maturity date and coupon interest rate as the original security, but with a different issue date and usually a different purchase price. |
| Cash Management Bill (CMB) | A short-term security sold by the U.S. Department of the Treasury. The maturity on a CMB can range from a few days to six months. The money raised through these issues is used by the Treasury to meet any temporary shortfalls. CMBs tend to pay higher yields than bills with fixed maturities, but their shorter maturities lead to lower overall interest expense. |
| Supplementary Financing Program (SFP) | A program initiated by the U.S. Treasury Department at the request of the Federal Reserve in September 17, 2008. The cash raised from the auction will be used in the various Federal Reserve initiatives to support the financial markets and manage its balance sheet. |
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