Treasury Auction Result for 11/25/2009

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

7-year note (CUSIP 912828MA5): $32 billion (last month $31 billion)

• Primary Dealer: $8.92 billion
• Indirect Bidder: $19.98 billion
• Indirect Bidder Percentage: 62.4% (last month 59.3%)
• Bid to Cover Ratio: 2.76 (last month 2.65)
• Interest Rate: 2.750% (last month 3.125%)
• High Yield: 2.835% (allotted at high: 87.98%) (last month high yield 3.141%)

In addition, SOMA* purchased $0.96 billion 7-year note.

Total for the week: $211 billion

• Bills: $93 billion
• Notes and bonds: $118 billion

Total for November 2009 so far: $590 billion

• Bills: $391 billion
• Notes and bonds: $199 billion

Additional purchase by SOMA* for November 2009 so far: $32.04 billion

• Bills: $18.43 billion
• Notes and bonds: $13.61 billion

Treasury Auction Result for 11/24/2009

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

4-week bill: $32 billion (same as last week)

• Primary Dealer: $15.84 billion
• Indirect Bidder: $13.94 billion
• Indirect Bidder Percentage: 43.6% (last week 32.3%)
• Bid to Cover Ratio: 4.38 (last week 3.79)
• Investment Rate: 0.061% (last week 0.051%)
• High Rate: 0.060% (allotted at high: 25.03%)

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

5-year note (CUSIP 912828LZ1): $42 billion (last month $41 billion)

• Primary Dealer: $15.15 billion
• Indirect Bidder: $25.49 billion
• Indirect Bidder Percentage: 60.7% (last month 54.6%)
• Bid to Cover Ratio: 2.81 (last month 2.63)
• Interest Rate: 2.125% (last month 2.375%)
• High Yield: 2.175% (allotted at high: 67.34%) (last month high yield 2.388%)

In addition, SOMA* purchased $1.26 billion 5-year note.

Total for the week so far: $179 billion

• Bills: $93 billion
• Notes and bonds: $86 billion

Total for November 2009 so far: $558 billion

• Bills: $391 billion
• Notes and bonds: $167 billion

Additional purchase by SOMA* for November 2009 so far: $31.08 billion

• Bills: $18.43 billion
• Notes and bonds: $12.65 billion

Treasury Auction Result for 11/23/2009

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

13-week bill: $30 billion (same as last week)

• Primary Dealer: $19.85 billion
• Indirect Bidder: $7.24 billion
• Indirect Bidder Percentage: 24.1% (last week 25.2%)
• Bid to Cover Ratio: 3.81 (last week 3.94)
• Investment Rate: 0.041% (last week 0.066%)
• High Rate: 0.040% (allotted at high: 47.63%)

26-week bill: $31 billion (same as last week)

• Primary Dealer: $14.36 billion
• Indirect Bidder: $13.32 billion
• Indirect Bidder Percentage: 43% (last week 39.1%)
• Bid to Cover Ratio: 3.60 (last week 3.65)
• Investment Rate: 0.142% (last week 0.167%)
• High Rate: 0.140% (allotted at high: 70.32%) (last month high rate 0.165%)

2-year note (CUSIP 912828MM9): $44 billion (same as last month)

• Primary Dealer: $22.08 billion
• Indirect Bidder: $19.36 billion
• Indirect Bidder Percentage: 44% (last month 43.9%)
• Bid to Cover Ratio: 3.16 (last month 3.63)
• Interest Rate: 0.750% (last month 1%)
• High Yield: 0.802% (allotted at high: 95.78%) (last month high yield 1.020%)

In addition, SOMA* purchased $1.32 billion 2-year note.

Total for the week so far: $105 billion

• Bills: $61 billion
• Notes and bonds: $44 billion

Total for November 2009 so far: $484 billion

• Bills: $359 billion
• Notes and bonds: $125 billion

Additional purchase by SOMA* for November 2009 so far: $26.04 billion

• Bills: $14.65 billion
• Notes and bonds: $11.39 billion

New York Fed Open Market Operation for 11/23/2009

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: $2,017 million
• Total Par Amt Submitted: $5,763 million
• Maturity Date Range: 11/23/11 - 11/15/13

Of the purchase,

• $523 million Freddie Mac (FHLMC) bonds
• $776 million Fannie Mae (FNMA) bonds
• $718 million Federal Home Loan Bank (FHLB) bonds

Treasury Auction Schedule for the Week of 11/23/2009

The U.S. Treasury Department will auction another boatload of Treasury securities this week.

Monday November 23, 2009

• 13-week bill: $30 billion
• 26-week bill: $31 billion
• 2-year note (CUSIP: 912828MM9): $44 billion (same as last month)

Tuesday November 24, 2009

• 4-week bill: TBA (last week $32 billion)
• 5-year note (912828LZ1): $42 billion (last month $41 billion)

Wednesday November 25, 2009

• 7-year note (912828MA5): $32 billion (last month $31 billion)

Total for the week without 4-week bill: $179 billion

• Bills (without 4-week): $61 billion
• Notes: $118 billion