Friday, July 17, 2009

New York Fed Open Market Operation for 7/17/2009

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

  • Operation type: Outright Agency Coupon Purchase
  • Total Par Amt Accepted: $1,175 million
  • Total Par Amt Submitted: $2,420 million
  • Maturity Range: 01/19/16 - 07/15/32

Thursday, July 16, 2009

Treasury Auction Schedule for Week of 7/20/2009

Treasury Department will auction the following Treasury securities in the week of July 20, 2009.

Monday July 20, 2009

  • 13-week bill: $32 billion
  • 26-week bill: $31 billion ($1B more than this week)
Total for the week: $63 billion

Total for the month of July 2009 so far: $267 billion
  • Bills: $228 billion
  • Notes and bonds: $73 billion
Additional purchase by SOMA for the month of July 2009 so far: $6.29 billion
  • Bills: $6.29 billion

New York Fed Open Market Operation 7/16/2009

As part of permanent Open Market Operations (OMO), the New York Fed purchased TIPS today:

  • Operation type: Outright TIPS Purchase
  • Total Par Amt Accepted: $1,499 million
  • Total Par Amt Submitted: $9,188 million
  • Maturity/Call Date Range: 01/15/2010 - 04/15/2032

Wednesday, July 15, 2009

Treasury Auction Result for 7/15/2009

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

70-day Cash Management Bill* (CMB): $35 billion

  • Primary Dealer: $24.31 billion
  • Indirect Bidder: $7.23 billion
  • Indirect Bidder Percentage: 20.7%
  • Bid to Cover Ratio: 3.20


Total for the week so far: $131 billion

  • Bills: $131 billion

Total for the month of July 2009 so far: $267 billion

  • Bills: $228 billion
  • Notes and bonds: $73 billion

Additional purchase by SOMA for the month of July 2009 so far: $6.29 billion

  • Bills: $6.29 billion

* Scroll down to the bottom of the page to see the definition.

Tuesday, July 14, 2009

Treasury Auction Result for 7/14/2009

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

4-week bill: $34 billion

  • Primary Dealer: $14.68 billion
  • Indirect Bidder: $17.00 billion
  • Indirect Bidder Percentage: 50%
  • Bid to Cover Ratio: 3.48

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



Total for the week so far: $96 billion

  • Bills: $96 billion

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

  • Bills: $193 billion
  • Notes and bonds: $73 billion

Additional purchase by SOMA for the month of July 2009 so far: $6.29 billion

  • Bills: $6.29 billion

Monday, July 13, 2009

Treasury Auction Result for 7/13/2009

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

13-week bill: $32 billion

  • Primary Dealer: $11.55 billion
  • Indirect Bidder: $16.49 billion
  • Indirect Bidder Percentage: 51.5%
  • Bid to Cover Ratio: 3.69
26-week bill: $30 billion
  • Primary Dealer: $13.37 billion
  • Indirect Bidder: $12.69 billion
  • Indirect Bidder Percentage: 42.3%
  • Bid to Cover Ratio: 3.08

Total for the week so far: $62 billion

  • Bills: $62 billion

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

  • Bills: $159 billion
  • Notes and bonds: $73 billion

Sunday, July 12, 2009

Treasury Auction Schedule for Week of 7/13/2009

Treasury Department will auction the following Treasury securities in the week of July 13, 2009.

Monday July 13, 2009

  • 13-week bill: $32 billion
  • 26-week bill: $30 billion
4-week bill is also tentatively scheduled to be auctioned on Tuesday.


Total for the week: $62 billion without 4-week bill (yet to be officially scheduled)

  • Bills: $62 billion

Total for the month of July 2009 before these auctions: $170 billion

  • Bills: $97 billion
  • Notes and bonds: $73 billion

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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