As part of the permanent Open Market Operation (OMO), the New York Fed purchased agency bonds today.
Labels: agency, Fed Open Market Operations
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%)
In addition, SOMA* purchased $25 million of this bond.Total for the week: $150 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: $22 billion
In addition, SOMA* purchased $6.29 billion 4-week bill.
9-year 11-month note (CUSIP: 912828LJ7; reopening of August 09 auction): $20 billion
In addition, SOMA* purchased $42 million 9-year 11-month note.
Total for the week so far: $138 billion
Additional purchase by SOMA for the month of September so far: $10.57 billion
Labels: daily, Treasury Auction Result
The U.S. Treasury Department auctioned the following Treasury securities today.
13-week bill: $29 billion
3-year note (CUSIP: 912828LM0): $38 billion
In addition, SOMA* purchased $80 million 3-year note.
Total for the week so far: $96 billion
Additional purchase by SOMA for the month of September so far: $3.86 billion
Labels: daily, Treasury Auction Result
As part of permanent Open Market Operations (OMO), the New York Fed purchased Treasury securities today.
Labels: Fed Open Market Operations, treasuries
The U.S. Treasury Department will auction the following Treasury securities this week.
Tuesday September 8, 2009
Labels: Treasury Auction Schedule, 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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