New York Fed Open Market Operation for 10/9/2009

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: $2,573 million
• Total Par Amt Submitted: $5,720 million
• Maturity Date Range: 10/15/11 - 09/16/13

Of the purchase,

• $1,075 million from Freddie Mac (FHLMC)
• $774 million from Fannie Mae (FNMA)
• $724 million from Federal Home Loan Bank (FHLB)

Treasury Auction Result for 10/8/2009

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

16-day CMB*: $10 billion (maturing on October 29)

• Primary Dealer: $8.46 billion
• Indirect Bidder: $1.13 billion
• Indirect Bidder Percentage: 11.3%
• Bid to Cover Ratio: 6.29
• Investment Rate: 0.041% (same rate as 4-week bill)
• High Rate: 0.040% (allotted at high: 12.71%)

29-year 10-month bond: $12 billion
(2nd reopening: original issue August 2009, 1st reopening September 2009, CUSIP 912810QC5; original issue $15 billion, 1st reopening $12 billion)

• Primary Dealer: $6.83 billion
• Indirect Bidder: $4.13 billion
• Indirect Bidder Percentage: 34.4% (original issue 48%)
• Bid to Cover Ratio: 2.37 (original issue 2.54)
• Interest Rate: 4.500%
• High Yield: 4.009% (allotted at high: 27.53%) (original issue high yield 4.541%)

In addition, SOMA* purchased $94 million 29-year 10-month bond.

Total for the week so far: $172 billion

• Bills: $94 billion
• Notes and bonds: $78 billion

Total for the month of October 2009 so far: $172 billion

• Bills: $94 billion
• Notes and bonds: $78 billion

Additional purchase by SOMA* for the month of October 2009 so far: $610 million

• Notes and bonds: $610 million

Treasury Auction Result for 10/7/2009

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

9-year 10-month note (CUSIP 912828LJ7): $20 billion
(2nd reopening. original issue (August 09) $23 billion, 1st reopening (September 09) $20 billion)

• Primary Dealer: $9.43 billion
• Indirect Bidder: $9.42 billion
• Indirect Bidder Percentage: 47.1% (original issue 45.3%)
• Bid to Cover Ratio: 3.01 (original issue 2.49)
• Interest Rate: 3.625%
• High Yield: 3.210% (allotted at high: 12.77%) (original issue high yield 3.734%)

In addition, SOMA* purchased $156 million 9-year 10-month note.

Total for the week so far: $150 billion

• Bills: $84 billion
• Notes and bonds: $66 billion

Total for the month of October 2009 so far: $150 billion

• Bills: $84 billion
• Notes and bonds: $66 billion

Additional purchase by SOMA* for the month of October 2009 so far: $516 million

• Notes and bonds: $516 million

New York Fed Open Market Operation for 10/7/2009

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: $1,300 million
• Total Par Amt Submitted: $7,895 million
• Maturity/Call Date Range: 02/15/2021 - 02/15/2026

The purchase included:

• 912810EL8 (30-year bond, issued on 11/15/91): $645 million
• 912810ES3 (30-year bond, issued on 8/15/94): $365 million

Fed Open Market Operations Schedule for October 2009

New York Fed announced the tentative schedule of its Permanent Open Market Operation for Treasuries for October 2009.

Treasury Auction Result for 10/6/2009

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

4-week bill: $24 billion (last week $22 billion)

• Primary Dealer: $7.09 billion
• Indirect Bidder: $14.51 billion
• Indirect Bidder Percentage: 60.5% (last week 25.4%)
• Bid to Cover Ratio: 4.78 (last week 3.67)
• Investment Rate: 0.041% (last week 0.041%)
• High Rate: 0.040% (allotted at high: 83.65%)

3-year note (CUSIP: 912828LR9): $39 billion (last month $38 billion)

• Primary Dealer: $15.54 billion
• Indirect Bidder: $19.05 billion
• Indirect Bidder Percentage: 48.8% (last month 54%)
• Bid to Cover Ratio: 2.76 (last month 3.02)
• Interest Rate: 1.375% (last month 1.375%)
• High Yield: 1.445% (allotted at high: 60.96%) (last month high yield 1.487%)

In addition, SOMA* purchased $305 million 3-year note.

Total for the week so far: $130 billion

• Bills: $84 billion
• Notes and bonds: $46 billion

Total for the month of October 2009 so far: $130 billion

• Bills: $84 billion
• Notes and bonds: $46 billion

Additional purchase by SOMA* for the month of October 2009 so far: $360 million

• Notes and bonds: $360 million

October 2009 Auction Tally

Treasury Auction Result for 10/5/2009

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

13-week bill: $30 billion

• Primary Dealer: $18.67 billion
• Indirect Bidder: $7.43 billion
• Indirect Bidder Percentage: 24.8% (last week 30.4%)
• Bid to Cover Ratio: 3.67 (last week 3.65)
• Investment Rate: 0.076% (last week 0.117%)
• High Rate: 0.075% (allotted at high: 37.86%)

26-week bill: $30 billion

• Primary Dealer: $13.45 billion
• Indirect Bidder: $13.57 billion
• Indirect Bidder Percentage: 45.2% (last week 69.6%)
• Bid to Cover Ratio: 3.49 (last week 3.80)
• Investment Rate: 0.152% (last week 0.193%)
• High Rate: 0.150% (allotted at high: 31.41%)

9-year 9-month TIPS: $7 billion
(reopening: original issue July 2009, CUSIP 912828LA6, $8 billion)

• Primary Dealer: $3.80 billion
• Indirect Bidder: $3.01 billion
• Indirect Bidder Percentage: 43%
• Bid to Cover Ratio: 3.12 (original issue: 2.51)
• Interest Rate: 1.875%
• High Yield: 1.510% (allotted at high: 14.26%) (original issue high yield: 1.920%)

In addition, SOMA* purchased $55 million 9-year 9-month TIPS.

Total for the week so far: $67 billion

• Bills: $60 billion
• Notes and bonds: $7 billion

Total for the month of October 2009 so far: $67 billion

• Bills: $60 billion
• Notes and bonds: $7 billion

Additional purchase by SOMA* for the month of October 2009 so far: $55 million

• Notes and bonds: $55 million