Saturday, October 3, 2009

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

Thursday, October 1, 2009

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

Tuesday, September 29, 2009

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

Monday, September 28, 2009

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

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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