New York Fed Open Market Operation Tentative Schedule

On August 19, 2009, the New York Fed announced the tentative schedule for its Permanent Open Market Operations in Treasury securities for late August and early September.


For Treasury securities auction schedule for the next week, please refer to the post on August 20, or here.

New York Fed Open Market Operation for 8/21/2009

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: $5,605 million
• Total Par Amt Submitted: $11,209 million
• Maturity Date Range: 08/23/10 - 08/19/11
  

Treasury Auction Result for 8/19/2009

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

70-day Cash Management Bill (CMB*): $30 billion

• Primary Dealer: $22.88 billion
• Indirect Bidder: $5.74 billion
• Indirect Bidder Percentage: 19.1%
• Bid to Cover Ratio: 4.74 (high)
• Investment Rate: 0.147% (low; previouis three 70-day CMB rate 0.188%)
• High Rate: 0.145% (allotted at high: 99.57%)

Total for the week so far: $123 billion

• Bills: $123 billion ($30 billion of which is for the Federal Reserve under SFP*)

Total for the month of August 09 so far: $496 billion

• Bills: $421 billion(of which $100 billion is for the Federal Reserve under SFP*.)
• Notes and bonds: $75 billion

Additional purchase by SOMA* for the month of August 09: $24.07 billion

• Bills: $12.49 billion
• Notes: $11.58 billion

*Scroll down to the bottom to see the explanation.

New York Fed Open Market Operation for 8/19/2009

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: $2,599 million
• Total Par Amt Submitted: $13,087 million
• Maturity/Call Date Range: 02/15/2021 - 02/15/2026

The purchase included:

• 912810EL8: 30-year bond, $1,435 million, issued on 11/15/1991 at interest rate 8.000%, price as of 3/31/2009* $148.000.

*price as presented in "PIMCO Long-Term U.S. Government Fund as of 3/31/2009"

Treasury Auction Result for 8/18/2009

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

4-week bill: $32 billion

• Primary Dealer: $19.32 billion
• Indirect Bidder: $10.23 billion
• Indirect Bidder Percentage: 32%
• Bid to Cover Ratio: 3.59
• Investment Rate: 0.127%
• High Rate: 0.125% (allotted at high: 15.33%)

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

Total for the week so far: $93 billion

• Bills: $93 billion

Total for the month of August 09 so far: $466 billion

• Bills: $391 billion(Of the total, $70 billion was for SFP for the Federal Reserve.)
• Notes and bonds: $75 billion

Additional purchase by SOMA* for the month of August 09: $24.07 billion

• Bills: $12.49 billion
• Notes: $11.58 billion

*Scroll down to the bottom to see the explanation.

Treasury Auction Schedule for the Week of 8/17/2009

(Updated 8/17/2009, with 4-week bill and CMB schedule)

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

Monday August 17, 2009

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

Tuesday August 18, 2009

• 4-week bill: $32 billion

Wednesday August 19, 2009

• Cash Management Bill (CMB*) for SFP*: $30 billion

*Scroll down to the bottom to see the explanation.

Treasury Auction Result for 8/17/2009

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

13-week bill: $31 billion

• Primary Dealer: $15.19 billion
• Indirect Bidder: $12.34 billion
• Indirect Bidder Percentage: 39.8%
• Bid to Cover Ratio: 3.69
• Investment Rate: 0.183%
• High Rate: 0.180 (allotted at high: 69.87%)

26-week bill: $30 billion

• Primary Dealer: $12.36 billion
• Indirect Bidder: $14.70 billion
• Indirect Bidder Percentage: 49%
• Bid to Cover Ratio: 3.70
• Investment Rate: 0.274%
• High Rate: 0.270% (allotted at high: 41.36%)

Total for the week so far: $61 billion

• Bills: $61 billion

Total for the month of August 09 so far: $434 billion

• Bills: $359 billion(Of the total, $70 billion was for SFP for the Federal Reserve.)
• Notes and bonds: $75 billion

Additional purchase by SOMA* for the month of August 09: $21.65 billion

• Bills: $10.07 billion
• Notes: $11.58 billion

*Scroll down to the bottom to see the explanation.

New York Fed Open Market Operation for 8/17/2009

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: $7,016 million
• Total Par Amt Submitted: $15,940 million
• Maturity/Call Date Range: 12/31/2013 - 04/30/2016

The purchase included:

• 912828KY5: 5-year note $4,557 million, auctioned on 6/24/2009, bringing the Fed's total purchase of this particular note to $5,631 million (14.8% of the total issue).
• 912828KV1: 5-year note $1,355 million, auctioned on 5/27/2009, bringing the Fed's total purchase of this particular note to $2,561 million (7% of the total issue).