Treasury Auction Result for 10/29/2009

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

7-year note (912828LU2): $31 billion (last month $29 billion)

• Primary Dealer: $11.48 billion
• Indirect Bidder: $18.37 billion
• Indirect Bidder Percentage: 59.3% (last month 61.6%)
• Bid to Cover Ratio: 2.65 (last month 2.79)
• Interest Rate: 3.125% (last month 3%)
• High Yield: 3.141% (allotted at high: 46.79%)(last month high yield: 3.005%)

In addition, SOMA* purchased $764 million 7-year note.

Total for the week so far: $235 billion

• Bills: $112 billion
• Notes: $123 billion

Total for October 2009: $602 billion

• Bills: $401 billion
• Notes and bonds: $201 billion

Additional purchase by SOMA* for the month of October 2009: $15.604 billion

• Bills: $12.14 billion
• Notes and bonds: $3.464 billion

New York Fed Open Market Operation for 10/29/2009

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: $1,936 million
• Total Par Amt Submitted: $10,978 million
• Maturity/Call Date Range: 12/31/2013 - 04/30/2016

The purchase included:

• 912828KN9 (5-year note, issued on 04/30/09): $546 million
• 912828KY5 (5-year note, issued on 06/30/09): $381 million
• 912828LC2 (5-year note, issued on 07/31/09): $362 million
• 912828LQ1 (5-year note, issued on 09/30/09): $330 million

Treasury Auction Result for 10/28/2009

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

300-day CMB*: $25 billion

• Primary Dealer: $15.45 billion
• Indirect Bidder: $8.08 billion
• Indirect Bidder Percentage: 32.3%
• Bid to Cover Ratio: 3.85
• Investment Rate: 0.320%
• High Rate: 0.315% (allotted at high: 99.89%)

5-year note (912828LS7): $41 billion (last month $40 billion)

• Primary Dealer: $17.28 billion
• Indirect Bidder: $22.38 billion
• Indirect Bidder Percentage: 54.6% (last month 44.6%)
• Bid to Cover Ratio: 2.63 (last month 2.40)
• Interest Rate: 2.375% (last month 2.375%)
• High Yield: 2.388% (allotted at high: 2.81%)(last month high yield: 2.470%)

In addition, SOMA* purchased $1.01 billion 5-year note.

Total for the week so far: $204 billion

• Bills: $112 billion
• Notes: $92 billion

Total for October 2009 so far: $571 billion

• Bills: $401 billion
• Notes and bonds: $170 billion

Additional purchase by SOMA* for the month of October 2009 so far: $14.84 billion

• Bills: $12.14 billion
• Notes and bonds: $2.70 billion

Treasury Auction Result for 10/27/2009

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

4-week bill: $28 billion (last week $24 billion)

• Primary Dealer: $14.87 billion
• Indirect Bidder: $10.42 billion
• Indirect Bidder Percentage: 37.2% (last week 27.5%)
• Bid to Cover Ratio: 4.62 (last week 4.50)
• Investment Rate: 0.046% (last week 0.046%)
• High Rate: 0.045% (allotted at high: 45.65%)

In addition, SOMA* purchased $3.78 billion 4-week bill.

2-year note: $44 billion (last month $43 billion)

• Primary Dealer: $12.78 billion
• Indirect Bidder: $19.32 billion
• Indirect Bidder Percentage: 43.9% (last month 44.6%)
• Bid to Cover Ratio: 3.63 (last month 3.23)
• Interest Rate: 1% (last month 1%)
• High Yield: 1.020% (allotted at high: 3.21%)(last month high yield: 1.034%)

In addition, SOMA* purchased $1.08 billion 2-year note.

Total for the week so far: $138 billion

• Bills: $87 billion
• Notes: $51 billion

Total for October 2009 so far: $505 billion

• Bills: $376 billion
• Notes and bonds: $129 billion

Additional purchase by SOMA* for the month of October 2009 so far: $13.83 billion

• Bills: $12.14 billion
• Notes and bonds: $1.69 billion

Treasury Auction Result for 10/26/2009

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

13-week bill: $29 billion

• Primary Dealer: $17.64 billion
• Indirect Bidder: $6.95 billion
• Indirect Bidder Percentage: 24% (last week 45.9%)
• Bid to Cover Ratio: 3.80 (last week 4.03)
• Investment Rate: 0.076% (last week 0.081%)
• High Rate: 0.075% (allotted at high: 26.19%)

26-week bill: $30 billion

• Primary Dealer: $12.22 billion
• Indirect Bidder: $14.51 billion
• Indirect Bidder Percentage: 48.4% (last week 41.3%)
• Bid to Cover Ratio: 3.47 (last week 3.57)
• Investment Rate: 0.188% (last week 0.173%)
• High Rate: 0.185% (allotted at high: 6.24%)

4-year 6-months TIPS (reopening, original issue April 2009; 912828KM1): $7 billion

• Primary Dealer: $3.50 billion
• Indirect Bidder: $3.23 billion
• Indirect Bidder Percentage: 46.1% (original issue 24.9%)
• Bid to Cover Ratio: 3.10 (original issue 2.66)
• Interest Rate: 1.250%
• High Yield: 0.769% (allotted at high: 38.26%)(original issue high yield: 1.278%)

Total for the week so far: $66 billion

• Bills: $59 billion
• Notes: $7 billion

Total for October 2009 so far: $433 billion

• Bills: $348 billion
• Notes and bonds: $85 billion

Treasury Auction Schedule for the Week of 10/26/2009

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

Monday October 26, 2009

• 13-week bill: $29 billion
• 26-week bill: $30 billion
• 4-year 6-months TIPS (reopening, original issue April 2009; 912828KM1): $7 billion

Tuesday October 27, 2009

• 4-week bill: TBA
• 2-year note (912828LT5): $44 billion (last month $43 billion)

Wednesday October 28, 2009

• 5-year note (912828LS7): $41 billion (last month $40 billion)

Thursday October 29, 2009

• 7-year note (912828LU2): $31 billion (last month $29 billion)

Total for the week: $182 billion (without 4-week bill)

• Bills: $59 billion (without 4-week bill)
• Notes: $123 billion

Total for October 2009 so far: $367 billion

• Bills: $289 billion
• Notes and bonds: $78 billion