Sunday, June 6, 2010

Treasury Auction Schedule for the Week of June 1, 2010 (Updated with Results)

The US Treasury Department auctioned the following Treasury securities for the week of June 1, 2010.

Tuesday June 1, 2010

  • 13-week bill: $27 billion (same as last week)

    Primary Dealer: $9.48 billion
    Indirect Bidder: $11.56 billion
    Indirect Bidder Percentage: 42.8% (last week 21.4%)
    Direct Bidder: $4.55 billion (16.9%; last week 12.8%)
    Bid to Cover Ratio: 4.51 (last week 4.21)
    Investment Rate: 0.162% (last week 0.167%)
    High Rate: 0.160% (allotted at high: 16.14%)

  • 26-week bill: $27 billion ($1 billion more than last week)

    Primary Dealer: $13.96 billion
    Indirect Bidder: $7.64 billion
    Indirect Bidder Percentage: 28.3% (last week 34.2%)
    Direct Bidder: 4.37 billion (16.2%; last week 12%)
    Bid to Cover Ratio: 4.01 (last week 4.10)
    Investment Rate: 0.223% (last week 0.223%)
    High Rate: 0.220% (allotted at high: 73.80%)
Wednesday, June 2, 2010
  • 4-week bill: $31 billion (same as last week)

    Primary Dealer: $13.49 billion
    Indirect Bidder: $12.22 billion
    Indirect Bidder Percentage: 39.4% (last week 8.5%)
    Direct Bidder: $5.00 billion (16.13%; last week 20.1%)
    Bid to Cover Ratio: 4.51 (last week 3.87)
    Investment Rate: 0.132% (last week 0.157%)
    High Rate: 0.130% (allotted at high: 93.14%)

    In addition, SOMA* purchased $5.94 billion 4-week bill.
  • 56-day CMB* under SFP*: $25 billion

    Primary Dealer: $14.24 billion
    Indirect Bidder: $8.75 billion
    Indirect Bidder Percentage: 35% (last week 14.1%)
    Direct Bidder: $2.01 billion (8.04%; last week 15.1%)
    Bid to Cover Ratio: 4.47 (last week 4.08)
    Investment Rate: 0.142% (last week 0.152%)
    High Rate: 0.140% (allotted at high: 26.89%)

  • 52-week bill: $25 billion ($1 billion less than last month)

    Primary Dealer: $6.85 billion
    Indirect Bidder: $13.40 billion
    Indirect Bidder Percentage: 53.6% (last month 40.9%)
    Direct Bidder: $4.53 billion (18.12%; last month 15.9%)
    Bid to Cover Ratio: 4.59 (last month 4.01)
    Investment Rate: 0.371% (last month 0.427%)
    High Rate: 0.365% (allotted at high: 90.68%)
Total for the week: $135 billion
  • Bills: $135billion

Total for June 2010 so far: $135 billion

  • Bills: $135 billion

Additional purchase by SOMA* for June 2010 so far: $5.94 billion

  • Bills: $5.94 billion

at 10:00 PM  

Labels: ,

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

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.

  © Blogger template 'Fly Away' by Ourblogtemplates.com 2008 || Photo by elvis_payne "Money Laundering"

Back to TOP