tag:blogger.com,1999:blog-47886176184378482492024-03-13T20:37:03.258-07:00Treasury Auction Watcharevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.comBlogger240125tag:blogger.com,1999:blog-4788617618437848249.post-10293718893732609702011-04-12T16:01:00.000-07:002011-04-12T16:15:34.212-07:00NY Fed POMO Schedule 4/13- 5/11/2011The Federal Reserve Bank of New York <a href="http://www.newyorkfed.org/markets/tot_operation_schedule.html#">announced</a> the POMO schedule from 4/13 to 5/11/2011.<br /><br />Purchases associated with principal payments from agency and agency MBS have dropped from $30-32 billion level when the QE2 started in November 2010. In February-March 2011, they dropped to $17 billion, and it has remained at $17-20 billion.<br /><br />"Across all operations in the schedule listed below, the Desk plans to purchase approximately <strong>$97 billion</strong>. This represents $80 billion in purchases of the announced $600 billion purchase program and $17 billion in purchases associated with principal payments from agency debt and agency MBS expected to be received between mid-April and mid-May."<br /><br /><table class="greyborder" align="center" border="0" cellpadding="6" cellspacing="0" width="98%"><tbody><tr class="tdtblhdr"><td class="tdhdrcolL" valign="top">Operation Date<sup>1</sup></td> <td class="tdhdrcol" valign="top" width="77">Settlement Date</td> <td class="tdhdrcol" valign="top" width="123">Operation Type<sup>2</sup></td> <td class="tdhdrcol" valign="top" width="109">Maturity<br /> Range</td> <td class="tdhdrcolR" valign="top" width="65">Expected Purchase Size</td> </tr> <tr valign="top"> <td class="dirColL" valign="top" width="86">April 13, 2011</td> <td class="dirCol" valign="top">April 14, 2011</td> <td class="dirCol" valign="top">Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">10/15/2012-09/30/2013</td> <td class="dirColR" valign="top">$4 - $6 billion</td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="dirColL" valign="top">April 14, 2011</td> <td class="dirCol" valign="top">April 15, 2011</td> <td class="dirCol" valign="top">Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">05/15/2018-02/15/2021</td> <td class="dirColR" valign="top">$6 - $8 billion</td> </tr> <tr valign="top"> <td class="dirColL" valign="top" width="86">April 15, 2011</td> <td class="dirCol" valign="top">April 18, 2011</td> <td class="dirCol" valign="top">Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">04/30/2015-09/30/2016</td> <td class="dirColR" valign="top">$5 - $7 billion</td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="dirColL" valign="top">April 18, 2011</td> <td class="dirCol" valign="top">April 19, 2011</td> <td class="dirCol" valign="top">Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">08/15/2028-02/15/2041</td> <td class="dirColR" valign="top">$1.5 - $2.5 billion</td> </tr> <tr valign="top"> <td class="dirColL" valign="top" width="86">April 19, 2011</td> <td class="dirCol" valign="top">April 20, 2011</td> <td class="dirCol" valign="top">Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">10/31/2013-03/31/2015</td> <td class="dirColR" valign="top">$5 - $7 billion</td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="dirColL" valign="top">April 20, 2011</td> <td class="dirCol" valign="top">April 21, 2011</td> <td class="dirCol" valign="top">Outright TIPS Purchase</td> <td class="dirCol" valign="top">04/15/2013-02/15/2041</td> <td class="dirColR" valign="top">$1 - $2 billion</td> </tr> <tr valign="top"> <td class="dirColL" valign="top" width="86">April 25, 2011</td> <td class="dirCol" valign="top">April 26, 2011</td> <td class="dirCol" valign="top">Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">10/31/2016-03/31/2018</td> <td class="dirColR" valign="top">$6 - $8 billion</td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="dirColL" valign="top">April 26, 2011</td> <td class="dirCol" valign="top">April 27, 2011</td> <td class="dirCol" valign="top"> Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">05/15/2021-11/15/2027</td> <td class="dirColR" valign="top">$1.5 - $2.5 billion</td> </tr> <tr valign="top"> <td class="dirColL" valign="top">April 28, 2011</td> <td class="dirCol" valign="top">April 29, 2011</td> <td class="dirCol" valign="top"> Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">04/30/2015-09/30/2016</td> <td class="dirColR" valign="top">$5 - $7 billion</td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="dirColL" valign="top">April 29, 2011</td> <td class="dirCol" valign="top">May 2, 2011</td> <td class="dirCol" valign="top"> Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">10/31/2013-03/31/2015</td> <td class="dirColR" valign="top">$5 - $7 billion</td> </tr> <tr valign="top"> <td class="dirColL" valign="top" width="86">May 2, 2011</td> <td class="dirCol" valign="top">May 3, 2011</td> <td class="dirCol" valign="top">Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">05/15/2018-02/15/2021</td> <td class="dirColR" valign="top">$6 - $8 billion</td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="dirColL" valign="top">May 3, 2011</td> <td class="dirCol" valign="top">May 4, 2011</td> <td class="dirCol" valign="top"> Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">11/15/2016-05/02/2018</td> <td class="dirColR" valign="top">$6 - $8 billion</td> </tr> <tr valign="top"> <td class="dirColL" valign="top" width="86">May 4, 2011</td> <td class="dirCol" valign="top">May 5, 2011</td> <td class="dirCol" valign="top">Outright TIPS Purchase</td> <td class="dirCol" valign="top">04/15/2013-02/15/2041</td> <td class="dirColR" valign="top">$1 - $2 billion</td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="dirColL" valign="top">May 5, 2011</td> <td class="dirCol" valign="top">May 6, 2011</td> <td class="dirCol" valign="top"> Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">08/15/2028-02/15/2041</td> <td class="dirColR" valign="top">$1.5 - $2.5 billion</td> </tr> <tr valign="top"> <td class="dirColL" valign="top" width="86">May 6, 2011</td> <td class="dirCol" valign="top">May 9, 2011</td> <td class="dirCol" valign="top">Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">11/15/2013-04/30/2015</td> <td class="dirColR" valign="top">$5 - $7 billion</td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="dirColL" valign="top">May 9, 2011</td> <td class="dirCol" valign="top">May 10, 2011</td> <td class="dirCol" valign="top"> Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">05/15/2018-02/15/2021</td> <td class="dirColR" valign="top">$6 - $8 billion</td> </tr> <tr valign="top"> <td class="dirColL" valign="top" width="86">May 10, 2011</td> <td class="dirCol" valign="top">May 11, 2011</td> <td class="dirCol" valign="top">Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">05/15/2015-10/31/2016</td> <td class="dirColR" valign="top">$5 - $7 billion</td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="dirColL" valign="top">May 11, 2011</td> <td class="dirCol" valign="top">May 12, 2011</td> <td class="dirCol" valign="top"> Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">11/15/2016-05/02/2018</td> <td class="dirColR" valign="top">$6 - $8 billion</td></tr></tbody></table>arevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.com0tag:blogger.com,1999:blog-4788617618437848249.post-49119606262497346922011-03-10T11:28:00.000-08:002011-03-10T11:43:15.605-08:00NY Fed POMO Schedule 3/14 - 4/11/2011From <a href="http://www.newyorkfed.org/markets/tot_operation_schedule.html#">the Federal Reserve New York</a>:<br /><br /><span style="font-style: italic;"><p>Across all operations in the schedule listed below, the Desk plans to purchase approximately </span><strong style="font-style: italic;">$102 billion</strong><span style="font-style: italic;">. This represents $80 billion in purchases of the announced $600 billion purchase program and $22 billion in purchases associated with principal payments from agency debt and agency MBS expected to be received between mid-March and mid-April.</span><br /><br /> <table class="greyborder" align="center" border="0" cellpadding="6" cellspacing="0" width="98%"><tbody><tr class="tdtblhdr"> <td class="tdhdrcolL" valign="top">Operation Date<sup>1</sup></td> <td class="tdhdrcol" valign="top" width="77">Settlement Date</td> <td class="tdhdrcol" valign="top" width="123">Operation Type<sup>2</sup></td> <td class="tdhdrcol" valign="top" width="109">Maturity<br />Range</td> <td class="tdhdrcolR" valign="top" width="65">Expected Purchase Size</td> </tr> <tr valign="top"> <td class="dirColL" valign="top" width="86"> March 14, 2011</td> <td class="dirCol" valign="top">March 15, 2011</td> <td class="dirCol" valign="top">Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">05/15/2018 – 02/15/2021</td> <td class="dirColR" valign="top">$6.5 - $8.5 billion</td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="dirColL" valign="top">March 16, 2011</td> <td class="dirCol" valign="top">March 17, 2011</td> <td class="dirCol" valign="top">Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">03/31/2015 – 08/31/2016</td> <td class="dirColR" valign="top">$5.5 - $7.5 billion</td> </tr> <tr valign="top"> <td class="dirColL" valign="top" width="86">March 17, 2011</td> <td class="dirCol" valign="top">March 18, 2011</td> <td class="dirCol" valign="top">Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">09/30/2013 – 02/28/2015</td> <td class="dirColR" valign="top">$5.5 - $7.5 billion</td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="dirColL" valign="top">March 18, 2011</td> <td class="dirCol" valign="top">March 21, 2011</td> <td class="dirCol" valign="top">Outright TIPS Purchase</td> <td class="dirCol" valign="top">04/15/2013 – 02/15/2041</td> <td class="dirColR" valign="top">$1 - $2 billion</td> </tr> <tr valign="top"> <td class="dirColL" valign="top" width="86">March 21, 2011</td> <td class="dirCol" valign="top">March 22, 2011</td> <td class="dirCol" valign="top">Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">08/15/2028 – 02/15/2041</td> <td class="dirColR" valign="top">$1.5 - $2.5 billion</td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="dirColL" valign="top">March 22, 2011</td> <td class="dirCol" valign="top">March 23, 2011</td> <td class="dirCol" valign="top"> Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">09/30/2016 – 02/28/2018</td> <td class="dirColR" valign="top">$6.5 - $8.5 billion</td> </tr> <tr valign="top"> <td class="dirColL" valign="top" width="86">March 23, 2011</td> <td class="dirCol" valign="top">March 24, 2011</td> <td class="dirCol" valign="top">Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">05/15/2018 – 02/15/2021</td> <td class="dirColR" valign="top">$6.5 - $8.5 billion</td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="dirColL" valign="top">March 24, 2011</td> <td class="dirCol" valign="top">March 25, 2011</td> <td class="dirCol" valign="top"> Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">09/30/2013 – 02/28/2015</td> <td class="dirColR" valign="top">$5.5 - $7.5 billion</td> </tr> <tr valign="top"> <td class="dirColL" valign="top">March 25, 2011</td> <td class="dirCol" valign="top">March 28, 2011</td> <td class="dirCol" valign="top"> Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">09/30/2012 – 09/15/2013 </td> <td class="dirColR" valign="top">$4 - $6 billion</td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="dirColL" valign="top">March 28, 2011</td> <td class="dirCol" valign="top">March 29, 2011</td> <td class="dirCol" valign="top"> Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">03/31/2015 – 08/31/2016</td> <td class="dirColR" valign="top">$5.5 - $7.5 billion</td> </tr> <tr valign="top"> <td class="dirColL" valign="top" width="86">March 29, 2011</td> <td class="dirCol" valign="top">March 30, 2011</td> <td class="dirCol" valign="top">Outright TIPS Purchase</td> <td class="dirCol" valign="top">04/15/2013 – 02/15/2041</td> <td class="dirColR" valign="top">$1 - $2 billion</td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="dirColL" valign="top">March 30, 2011</td> <td class="dirCol" valign="top"> March 31, 2011</td> <td class="dirCol" valign="top"> Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">10/15/2013 – 02/28/2015</td> <td class="dirColR" valign="top">$5.5 - $7.5 billion</td> </tr> <tr valign="top"> <td class="dirColL" valign="top" width="86">March 31, 2011</td> <td class="dirCol" valign="top">April 1, 2011</td> <td class="dirCol" valign="top">Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">05/15/2021 – 11/15/2027</td> <td class="dirColR" valign="top">$1.5 - $2.5 billion</td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="dirColL" valign="top">April 4, 2011</td> <td class="dirCol" valign="top">April 5, 2011</td> <td class="dirCol" valign="top"> Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">10/31/2016 – 03/31/2018</td> <td class="dirColR" valign="top">$6.5 - $8.5 billion</td> </tr> <tr valign="top"> <td class="dirColL" valign="top" width="86">April 5, 2011</td> <td class="dirCol" valign="top">April 6, 2011</td> <td class="dirCol" valign="top">Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">05/15/2018 – 02/15/2021</td> <td class="dirColR" valign="top">$6.5 - $8.5 billion</td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="dirColL" valign="top">April 6, 2011</td> <td class="dirCol" valign="top">April 7, 2011</td> <td class="dirCol" valign="top"> Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">08/15/2028 – 02/15/2041</td> <td class="dirColR" valign="top">$1.5 - $2.5 billion</td> </tr> <tr valign="top"> <td class="dirColL" valign="top" width="86">April 7, 2011</td> <td class="dirCol" valign="top">April 8, 2011</td> <td class="dirCol" valign="top">Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">04/30/2015 – 09/30/2016</td> <td class="dirColR" valign="top">$5.5 - $7.5 billion</td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="dirColL" valign="top">April 11, 2011</td> <td class="dirCol" valign="top">April 12, 2011</td> <td class="dirCol" valign="top"> Outright Treasury Coupon Purchase</td> <td class="dirCol" valign="top">10/31/2016 – 03/31/2018</td> <td class="dirColR" valign="top">$6.5 - $8.5 billion</td></tr></tbody></table>arevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.com0tag:blogger.com,1999:blog-4788617618437848249.post-55095233894407464522011-02-10T23:30:00.000-08:002011-02-10T23:43:24.681-08:00NY Fed POMO Schedule 2/11 - 3/9/2011The Federal Reserve Bank of New York will conduct the following <a href="http://www.newyorkfed.org/markets/tot_operation_schedule.html">permanent open market operations (POMO) from February 11 to March 9, 2011</a>. The total purchase amount will be about $97 billion, of which $80 billion is part of $600 billion QE2 and $17 billion as part of QELite (replacement of agency/MBS as they're paid back).<br /><br /><span style="font-weight: bold; font-style: italic;">It is $14 billion less</span> than the<a href="http://treasuryauctionwatch.blogspot.com/2011/01/ny-fed-pomo-schedule-113-292011.html"> last POMO</a>, but as the Treasury Department is unwinding the SFP (Supplementary Financing Program) for the Fed by not replenishing the SFP account (which swelled to $200 billion by $25 billion per week auction of CMBs) as the debt limit approaches, the Primary Dealers will have additional billions that they could deploy elsewhere.<br /><br /><a href="http://www.federalreserve.gov/releases/h41/Current/">The current release</a> (2/10/2011) of the Federal Reserve's Balance Sheet shows the SFP account at about $175 billion, $25 billion less than last week.<br /><br /><br /><table class="greyborder" border="0" cellpadding="0" cellspacing="0"><tbody><tr class="tdtblhdr"><td width="6"> </td> <td class="tdhdrcolL" valign="top"><div>Operation Date<sup>1</sup></div></td> <td class="tdhdrcol" valign="top" width="105"><div>Settlement Date</div></td> <td class="tdhdrcol" valign="top" width="101"><div>Operation Type<sup>2</sup></div></td> <td class="tdhdrcol" valign="top" width="124"><div>Maturity<br />Range</div></td> <td class="tdhdrcolR" valign="top" width="115"><div>Expected Purchase Size<br /><br /></div></td> <td width="8"> </td> </tr> <tr valign="top"> <td colspan="7" class="greyborderTop"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr valign="top"> <td width="6"> </td> <td class="dirColL" valign="top" width="105"> <div>February 11, 2011</div></td> <td class="dirCol" valign="top"><div>February 14, 2011</div></td> <td class="dirCol" valign="top"><div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"><div>08/15/2016 – 01/31/2018</div></td> <td class="dirColR" valign="top"><div>$6 – $8 billion</div></td> <td width="8"> </td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td width="8"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="tdtblhdr" width="6"> </td> <td class="dirColL" valign="top"> <div>February 14, 2011</div></td> <td class="dirCol" valign="top"> <div>February 15, 2011</div></td> <td class="dirCol" valign="top"> <div>Outright TIPS Purchase</div></td> <td class="dirCol" valign="top"> <div>04/15/2013 – 02/15/2040</div></td> <td class="dirColR" valign="top"><div>$1 – $2 billion</div></td> <td width="8"> </td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td width="8"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr valign="top"> <td width="6"> </td> <td class="dirColL" valign="top" width="105"> <div>February 15, 2011</div></td> <td class="dirCol" valign="top"><div>February 16, 2011</div></td> <td class="dirCol" valign="top"><div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"><div>02/28/2015 – 08/15/2016</div></td> <td class="dirColR" valign="top"><div>$5 – $7 billion</div></td> <td width="8"> </td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td width="8"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="tdtblhdr" width="6"> </td> <td class="dirColL" valign="top"> <div>February 16, 2011</div></td> <td class="dirCol" valign="top"> <div>February 17, 2011</div></td> <td class="dirCol" valign="top"> <div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"> <div>05/15/2021 – 11/15/2027</div></td> <td class="dirColR" valign="top"><div>$1.5 – $2.5 billion</div></td> <td width="8"> </td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td width="8"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr valign="top"> <td width="6"> </td> <td class="dirColL" valign="top" width="105"> <div>February 17, 2011</div></td> <td class="dirCol" valign="top"><div>February 18, 2011</div></td> <td class="dirCol" valign="top"><div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"><div>05/15/2018 – 02/15/2021</div></td> <td class="dirColR" valign="top"><div>$6 – $8 billion</div></td> <td width="8"> </td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td width="8"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="tdtblhdr" width="6"> </td> <td class="dirColL" valign="top"> <div>February 18, 2011</div></td> <td class="dirCol" valign="top"> <div>February 22, 2011</div></td> <td class="dirCol" valign="top"> <div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"> <div>08/31/2013 – 02/15/2015</div></td> <td class="dirColR" valign="top"><div>$5 – $7 billion</div></td> <td width="8"> </td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td width="8"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr valign="top"> <td width="6"> </td> <td class="dirColL" valign="top" width="105"> <div>February 22, 2011</div></td> <td class="dirCol" valign="top"><div>February 23, 2011</div></td> <td class="dirCol" valign="top"><div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"><div>08/31/2016 – 02/15/2018</div></td> <td class="dirColR" valign="top"><div>$6 – $8 billion</div></td> <td width="8"> </td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td width="8"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="tdtblhdr" width="6"> </td> <td class="dirColL" valign="top"> <div>February 23, 2011</div></td> <td class="dirCol" valign="top"> <div>February 24, 2011</div></td> <td class="dirCol" valign="top"> <div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"> <div>08/15/2028 – 02/15/2041</div></td> <td class="dirColR" valign="top"><div>$1.5 – $2.5 billion</div></td> <td width="8"> </td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td width="8"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr valign="top"> <td width="6"> </td> <td class="dirColL" valign="top"> <div>February 24, 2011</div></td> <td class="dirCol" valign="top"> <div>February 25, 2011</div></td> <td class="dirCol" valign="top"> <div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"> <div>08/31/2012 – 08/15/2013 </div></td> <td class="dirColR" valign="top"><div>$4 – $6 billion</div></td> <td width="8"> </td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td width="8"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td width="6"> </td> <td class="dirColL" valign="top"> <div>February 25, 2011</div></td> <td class="dirCol" valign="top"> <div>February 28, 2011</div></td> <td class="dirCol" valign="top"> <div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"> <div>05/15/2018 – 02/15/2021</div></td> <td class="dirColR" valign="top"><div>$6 – $8 billion</div></td> <td width="8"> </td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td width="8"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr valign="top"> <td width="6"> </td> <td class="dirColL" valign="top" width="105"> <div>February 28, 2011</div></td> <td class="dirCol" valign="top"><div>March 1, 2011</div></td> <td class="dirCol" valign="top"><div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"><div>08/31/2013 – 02/15/2015</div></td> <td class="dirColR" valign="top"><div>$5 – $7 billion</div></td> <td width="8"> </td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td width="8"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td width="6"> </td> <td class="dirColL" valign="top"> <div>March 1, 2011</div></td> <td class="dirCol" valign="top"> <div>March 2, 2011</div></td> <td class="dirCol" valign="top"> <div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"> <div>08/15/2028 – 02/15/2041</div></td> <td class="dirColR" valign="top"><div>$1.5 – $2.5 billion</div></td> <td width="8"> </td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td width="8"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr valign="top"> <td width="6"> </td> <td class="dirColL" valign="top" width="105"> <div>March 2, 2011</div></td> <td class="dirCol" valign="top"><div>March 3, 2011</div></td> <td class="dirCol" valign="top"><div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"><div>03/31/2015 – 08/31/2016</div></td> <td class="dirColR" valign="top"><div>$5 – $7 billion</div></td> <td width="8"> </td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td width="8"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td width="6"> </td> <td class="dirColL" valign="top"> <div>March 3, 2011</div></td> <td class="dirCol" valign="top"> <div>March 4, 2011</div></td> <td class="dirCol" valign="top"> <div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"> <div>05/15/2018 – 02/15/2021</div></td> <td class="dirColR" valign="top"><div>$6 – $8 billion</div></td> <td width="8"> </td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td width="8"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr valign="top"> <td width="6"> </td> <td class="dirColL" valign="top" width="105"> <div>March 4, 2011</div></td> <td class="dirCol" valign="top"><div>March 7, 2011</div></td> <td class="dirCol" valign="top"><div>Outright TIPS Purchase</div></td> <td class="dirCol" valign="top"><div>04/15/2013 – 02/15/2041</div></td> <td class="dirColR" valign="top"><div>$1 – $2 billion</div></td> <td width="8"> </td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td width="8"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td width="6"> </td> <td class="dirColL" valign="top"> <div>March 7, 2011</div></td> <td class="dirCol" valign="top"> <div>March 8, 2011</div></td> <td class="dirCol" valign="top"> <div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"> <div>09/15/2013 – 02/28/2015</div></td> <td class="dirColR" valign="top"><div>$5 – $7 billion</div></td> <td width="8"> </td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td width="8"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr valign="top"> <td width="6"> </td> <td class="dirColL" valign="top" width="105"> <div>March 8, 2011</div></td> <td class="dirCol" valign="top"><div>March 9, 2011</div></td> <td class="dirCol" valign="top"><div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"><div>09/30/2016 – 02/28/2018</div></td> <td class="dirColR" valign="top"><div>$6 – $8 billion</div></td> <td width="8"> </td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> <td width="8"><img src="http://www.newyorkfed.org/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td width="6"> </td> <td class="dirColL" valign="top"> <div>March 9, 2011</div></td> <td class="dirCol" valign="top"> <div>March 10, 2011</div></td> <td class="dirCol" valign="top"> <div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"> <div>03/31/2015 – 08/31/2016</div></td> <td class="dirColR" valign="top"><div>$5 – $7 billion</div></td></tr></tbody></table>arevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.com0tag:blogger.com,1999:blog-4788617618437848249.post-56230265706206906012011-01-12T14:59:00.000-08:002011-01-12T15:09:30.274-08:00NY Fed POMO Schedule 1/13 - 2/9/2011The Federal Reserve Bank of New York will conduct the following <a href="http://www.ny.frb.org/markets/tot_operation_schedule.html">permanent open market operations (POMO) from January 13 to February 9, 2011</a>. The total purchase amount will be about $111 billion, of which $80 billion is part of $600 billion QE2 and $32 billion as part of QELite (replacement of agency/MBS as they're paid back).<br /><br /><table border="0" cellpadding="0" cellspacing="0"><tbody><tr><td class="pageTitleLv3" width="564"><br /></td></tr><tr><td class="spacer10px"><br /></td><td align="right"><br /></td></tr></tbody></table><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="8" width="1" /> <table class="greyborder" border="0" cellpadding="0" cellspacing="0"> <tbody><tr class="tdtblhdr"> <td width="6"><br /></td> <td class="tdhdrcolL" valign="top"><div>Operation Date<sup>1</sup></div></td> <td class="tdhdrcol" valign="top" width="105"><div>Settlement Date</div></td> <td class="tdhdrcol" valign="top" width="101"><div>Operation Type<sup>2</sup></div></td> <td class="tdhdrcol" valign="top" width="124"><div>Maturity<br />Range</div></td> <td class="tdhdrcolR" valign="top" width="115"><div>Expected Purchase Size<br /><br /></div></td> <td width="8"><br /></td> </tr> <tr valign="top"> <td colspan="7" class="greyborderTop"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> </tr> <tr valign="top"> <td width="6"><br /></td> <td class="dirColL" valign="top" width="105"> <div>January 13, 2011</div></td> <td class="dirCol" valign="top"><div>January 14, 2011</div></td> <td class="dirCol" valign="top"><div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"><div>07/31/2016 – 12/31/2017</div></td> <td class="dirColR" valign="top"><div>$7 – $9 billion</div></td> <td width="8"><br /></td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td width="8"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="tdtblhdr" width="6"><br /></td> <td class="dirColL" valign="top"> <div>January 14, 2011</div></td> <td class="dirCol" valign="top"> <div>January 18, 2011</div></td> <td class="dirCol" valign="top"> <div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"> <div>01/31/2015 – 06/30/2016</div></td> <td class="dirColR" valign="top"><div>$6 – $8 billion</div></td> <td width="8"><br /></td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td width="8"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> </tr> <tr valign="top"> <td width="6"><br /></td> <td class="dirColL" valign="top" width="105"> <div>January 18, 2011</div></td> <td class="dirCol" valign="top"><div>January 19, 2011</div></td> <td class="dirCol" valign="top"><div>Outright TIPS Purchase</div></td> <td class="dirCol" valign="top"><div>04/15/2013 – 02/15/2040</div></td> <td class="dirColR" valign="top"><div>$1 – $2 billion</div></td> <td width="8"><br /></td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td width="8"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="tdtblhdr" width="6"><br /></td> <td class="dirColL" valign="top"> <div>January 19, 2011</div></td> <td class="dirCol" valign="top"> <div>January 20, 2011</div></td> <td class="dirCol" valign="top"> <div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"> <div>07/31/2013 – 12/31/2014</div></td> <td class="dirColR" valign="top"><div>$6 – $8 billion</div></td> <td width="8"><br /></td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td width="8"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> </tr> <tr valign="top"> <td width="6"><br /></td> <td class="dirColL" valign="top" width="105"> <div>January 20, 2011</div></td> <td class="dirCol" valign="top"><div>January 21, 2011</div></td> <td class="dirCol" valign="top"><div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"><div>08/15/2028 – 11/15/2040</div></td> <td class="dirColR" valign="top"><div>$1.5 – $2.5 billion</div></td> <td width="8"><br /></td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td width="8"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="tdtblhdr" width="6"><br /></td> <td class="dirColL" valign="top"> <div>January 21, 2011</div></td> <td class="dirCol" valign="top"> <div>January 24, 2011</div></td> <td class="dirCol" valign="top"> <div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"> <div>02/15/2018 – 11/15/2020</div></td> <td class="dirColR" valign="top"><div>$7 – $9 billion</div></td> <td width="8"><br /></td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td width="8"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> </tr> <tr valign="top"> <td width="6"><br /></td> <td class="dirColL" valign="top" width="105"> <div>January 24, 2011</div></td> <td class="dirCol" valign="top"><div>January 25, 2011</div></td> <td class="dirCol" valign="top"><div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"><div>07/31/2016 – 12/31/2017</div></td> <td class="dirColR" valign="top"><div>$7 – $9 billion</div></td> <td width="8"><br /></td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td width="8"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td class="tdtblhdr" width="6"><br /></td> <td class="dirColL" valign="top"> <div>January 25, 2011</div></td> <td class="dirCol" valign="top"> <div>January 26, 2011</div></td> <td class="dirCol" valign="top"> <div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"> <div>01/31/2015 – 06/30/2016</div></td> <td class="dirColR" valign="top"><div>$6 – $8 billion</div></td> <td width="8"><br /></td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td width="8"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> </tr> <tr valign="top"> <td width="6"><br /></td> <td class="dirColL" valign="top"> <div>January 27, 2011</div></td> <td class="dirCol" valign="top"> <div>January 28, 2011</div></td> <td class="dirCol" valign="top"> <div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"> <div>07/31/2012 – 07/15/2013 </div></td> <td class="dirColR" valign="top"><div>$4 – $6 billion</div></td> <td width="8"><br /></td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td width="8"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td width="6"><br /></td> <td class="dirColL" valign="top"> <div>January 28, 2011</div></td> <td class="dirCol" valign="top"> <div>January 31, 2011</div></td> <td class="dirCol" valign="top"> <div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"> <div>02/15/2018 – 11/15/2020</div></td> <td class="dirColR" valign="top"><div>$7 – $9 billion</div></td> <td width="8"><br /></td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td width="8"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> </tr> <tr valign="top"> <td width="6"><br /></td> <td class="dirColL" valign="top" width="105"> <div>January 31, 2011</div></td> <td class="dirCol" valign="top"><div>February 1, 2011</div></td> <td class="dirCol" valign="top"><div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"><div>08/15/2013 – 12/31/2014</div></td> <td class="dirColR" valign="top"><div>$6 – $8 billion</div></td> <td width="8"><br /></td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td width="8"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td width="6"><br /></td> <td class="dirColL" valign="top"> <div>February 1, 2011</div></td> <td class="dirCol" valign="top"> <div>February 2, 2011</div></td> <td class="dirCol" valign="top"> <div>Outright TIPS Purchase</div></td> <td class="dirCol" valign="top"> <div>04/15/2013 – 02/15/2040</div></td> <td class="dirColR" valign="top"><div>$1 – $2 billion</div></td> <td width="8"><br /></td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td width="8"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> </tr> <tr valign="top"> <td width="6"><br /></td> <td class="dirColL" valign="top" width="105"> <div>February 2, 2011</div></td> <td class="dirCol" valign="top"><div>February 3, 2011</div></td> <td class="dirCol" valign="top"><div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"><div>02/15/2021 – 11/15/2027</div></td> <td class="dirColR" valign="top"><div>$1.5 – $2.5 billion</div></td> <td width="8"><br /></td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td width="8"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td width="6"><br /></td> <td class="dirColL" valign="top"> <div>February 3, 2011</div></td> <td class="dirCol" valign="top"> <div>February 4, 2011</div></td> <td class="dirCol" valign="top"> <div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"> <div>08/15/2016 – 01/31/2018</div></td> <td class="dirColR" valign="top"><div>$7 – $9 billion</div></td> <td width="8"><br /></td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td width="8"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> </tr> <tr valign="top"> <td width="6"><br /></td> <td class="dirColL" valign="top" width="105"> <div>February 4, 2011</div></td> <td class="dirCol" valign="top"><div>February 7, 2011</div></td> <td class="dirCol" valign="top"><div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"><div>08/15/2013 – 01/31/2015</div></td> <td class="dirColR" valign="top"><div>$6 – $8 billion</div></td> <td width="8"><br /></td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td width="8"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td width="6"><br /></td> <td class="dirColL" valign="top"> <div>February 7, 2011</div></td> <td class="dirCol" valign="top"> <div>February 8, 2011</div></td> <td class="dirCol" valign="top"> <div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"> <div>02/15/2018 – 11/15/2020</div></td> <td class="dirColR" valign="top"><div>$7 – $9 billion</div></td> <td width="8"><br /></td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td width="8"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> </tr> <tr valign="top"> <td width="6"><br /></td> <td class="dirColL" valign="top" width="105"> <div>February 8, 2011</div></td> <td class="dirCol" valign="top"><div>February 9, 2011</div></td> <td class="dirCol" valign="top"><div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"><div>08/15/2028 – 11/15/2040</div></td> <td class="dirColR" valign="top"><div>$1.5 – $2.5 billion</div></td> <td width="8"><br /></td> </tr> <tr valign="top"> <td class="tdtblhdr" width="6"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td colspan="5" class="dirRow" valign="top"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> <td width="8"><img src="http://www.ny.frb.org/images/spacer.gif" alt="" height="1" width="1" /></td> </tr> <tr bgcolor="#eaeaea" valign="top"> <td width="6"><br /></td> <td class="dirColL" valign="top"> <div>February 9, 2011</div></td> <td class="dirCol" valign="top"> <div>February 10, 2011</div></td> <td class="dirCol" valign="top"> <div>Outright Treasury Coupon Purchase</div></td> <td class="dirCol" valign="top"> <div>02/15/2015 – 07/31/2016</div></td> <td class="dirColR" valign="top"><div>$6 – $8 billion</div></td> <td width="8"><br /></td> </tr> </tbody></table><br /><br /><p>The next release of the approximate purchase amount and tentative outright Treasury operation schedule will be at 2 p.m. on February 10, 2011. At that time, the Desk will also publish information on prices paid for securities included in the operations listed above.</p> <p>______________________________<br /> <span class="paraNotes"><sup>1</sup>Operations are tentatively scheduled to begin around 10:15 AM and close at 11:00 AM unless noted otherwise.<br /> </span><span class="paraNotes"><sup>2</sup>Nominal coupon operations are specified as “Outright Treasury Coupon Purchase” and TIPS operations are specified as “Outright TIPS Purchase”.</span></p><table><tbody><tr><td height="25"><br /></td></tr></tbody></table>arevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.com0tag:blogger.com,1999:blog-4788617618437848249.post-57423082719758288032010-11-10T11:28:00.000-08:002010-11-10T11:30:14.215-08:0030-Year Treasury Bond Auction Result 11/10/2010Amount auctioned: $16 billion, original issue.<br />Primary Dealer: $8.11 billion (50.7%)<br />Direct Bidder: $1.72 billion (10.8%)<br />Indirect Bidder: $6.13 billion (38.35%)<br />Bid to Cover Ratio: <strong><span style="color:#ff0000;">2.31</span></strong> (last month: 2.49; last original issue in August: 2.77)<br />Interest Rate: <strong><span style="color:#ff0000;">4.250%</span></strong> (last original issue in August: 3.875%)<br />High Yield: <strong><span style="color:#ff0000;">4.320%</span></strong> (allotted at high: 82.04%) (last month high yield: 3.852%)arevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.com0tag:blogger.com,1999:blog-4788617618437848249.post-21939365561964072622010-09-26T21:29:00.000-07:002010-09-26T21:40:23.118-07:00Treasury Auction for the Week of September 27, 2010The US Treasury Department auctions the following Treasury securities this week.<br /><br />Monday September 27, 2010<br /><ul><li>13-week bill: $29 billion (same as last week)</li><li>26-week bill: $29 billion (same as last week)</li><li>2-year note: $36 billion ($1 billion less than last month)</li></ul>Tuesday September 28, 2010<br /><ul><li>4-week bill: TBA (last week $25 billion)</li><li>5-year note: $35 billion ($1 billion less than last month)</li></ul>Wednesday September 29, 2010<br /><ul><li>56-day CMB* for SFP*: TBA (last week $25 billion)</li><li>7-year note: $29 billion (same as last month)</li></ul>Total for the week: $158 billion<br /><ul><li>Bills: $58 billion (without 4-week bill and 56-day CMB)</li><li>Notes: $100 billion</li></ul>In addition, the Federal Reserve Bank of New York is schedule to conduct Permanent Open Market Operations on Tuesday September 28 and Thursday September 30.arevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.com0tag:blogger.com,1999:blog-4788617618437848249.post-24363904095774581032010-09-22T23:29:00.000-07:002010-09-22T23:36:46.582-07:00Treasury Auction for the Week of September 20, 2010The US Treasury Department auctions the following Treasury securities this week.<br /><br />Monday September 20, 2010<br /><ul><li>13-week bill: $29 billion</li><li>26-week bill: $29 billion</li></ul>Tuesday September 21, 2010<br /><ul><li>4-week bill: $25 billion</li><li>52-week bill: $25 billion</li></ul>Wednesday September 22, 2010<br /><ul><li>56-day CMB* for SFP*: $25 billion</li></ul>Total for the week: $133 billion<br /><ul><li>Bills: $133 billion</li></ul>arevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.com0tag:blogger.com,1999:blog-4788617618437848249.post-81992392211524798262010-09-22T23:21:00.000-07:002010-09-22T23:29:04.133-07:00Federal Reserve Permanent Open Market Operation Schedule September 15 - October 6The Federal Reserve plans to buy $27 billion Treasury securities, up $9 billion from the last operation period (August 17 - September 13).<br /><br /><a href="http://2.bp.blogspot.com/_8hz7JYvMfTU/TJrzcrIf_FI/AAAAAAAABZQ/p6RUcfParKI/s1600/POMOseptoct10.bmp"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 317px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5519991967236226130" border="0" alt="" src="http://2.bp.blogspot.com/_8hz7JYvMfTU/TJrzcrIf_FI/AAAAAAAABZQ/p6RUcfParKI/s400/POMOseptoct10.bmp" /></a>arevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.com0tag:blogger.com,1999:blog-4788617618437848249.post-54925757528045930152010-09-22T20:47:00.000-07:002010-09-22T21:06:58.252-07:00OT: US Treasury 10-Year Note Price vs S&P500 Index<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://market-ticker.org/akcs-www?get_gallerynr=176"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 300px; height: 210px;" src="http://market-ticker.org/akcs-www?get_gallerynr=176" alt="" border="0" /></a>There are analysts and traders who watch the positive correlation between S&P500 index and 10-year Treasury note yield. They point out to the most recent divergence where the 10-year note yield continues to go down without S&P500 following suit, and draw a conclusion that the stock market is just about to follow the 10-year note yield and that means a major market crash yet again. (Here's the <a href="http://market-ticker.org/akcs-www?post=167162">chart by Karl Denninger</a> today as one such example.)<br /><br /><br />However, when one compares S&P500 index and 10-year Treasury note price (which generally have the negative correlation with each other), the divergence doesn't seem that striking.<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_8hz7JYvMfTU/TJrQ1HzjGrI/AAAAAAAABZI/XwRrTz35j40/s1600/SPX10YT092210.bmp"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 280px;" src="http://4.bp.blogspot.com/_8hz7JYvMfTU/TJrQ1HzjGrI/AAAAAAAABZI/XwRrTz35j40/s400/SPX10YT092210.bmp" alt="" id="BLOGGER_PHOTO_ID_5519953904342866610" border="0" /></a><br />People tend to see what they want to see, much like a Rorschach test.arevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.com0tag:blogger.com,1999:blog-4788617618437848249.post-92046107639445886542010-08-22T21:02:00.001-07:002010-08-22T21:12:40.130-07:00Treasury Auction for the Week of August 23, 2010The US Treasury Department will auction the following Treasury securities this week.<br /><br />Monday August 23, 2010<br /><ul><li>13-week bill: $30 billion (same as last week)</li><li>26-week bill: $30 billion (same as last week)</li></ul>Tuesday August 24, 2010<br /><ul><li>4-week bill: TBA (last week $34 billion)</li><li>52-week bill: $25 billion (same as last month)</li><li>2-year note: $37 billion (<strong><span style="color:#009900;">$1 billion less</span></strong> than last month)</li></ul>Wednesday August 25, 2010<br /><ul><li>56-day CMB* for SFP*: TBA (last week $25 billion)</li><li>5-year note: $36 billion (<strong><span style="color:#009900;">$1 billion less</span></strong> than last month)</li></ul>Thursday August 26, 2010<br /><ul><li>7-year note: $29 billion (same as last month)</li></ul><strong>Total for the week: $187 billion</strong><br /><ul><li>Bills: $85 billion (without 4-week bill and 56-day CMB)</li><li>Notes: $102 billion</li></ul>arevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.com0tag:blogger.com,1999:blog-4788617618437848249.post-27522769964043593452010-08-17T12:12:00.000-07:002010-08-17T12:16:28.853-07:00Federal Reserve Permanent Open Market Operation Schedule<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_8hz7JYvMfTU/TGrf5P-61lI/AAAAAAAABXY/zUvAlhrmlWg/s1600/POMOaugsept10.bmp"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 333px;" src="http://3.bp.blogspot.com/_8hz7JYvMfTU/TGrf5P-61lI/AAAAAAAABXY/zUvAlhrmlWg/s400/POMOaugsept10.bmp" border="0" alt=""id="BLOGGER_PHOTO_ID_5506459669049824850" /></a><br />The Federal Reserve plans to buy $18 billion Treasury securities with these operations.arevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.com0tag:blogger.com,1999:blog-4788617618437848249.post-79299332260584398152010-08-08T22:54:00.000-07:002010-08-11T13:48:24.164-07:00Treasury Auction for the Week of August 9, 2010 (Updated with Results)The US Treasury Department will auction the following Treasury securities this week.<br /><br />Monday August 9, 2010 <ul><li>13-week bill: $30 billion (same as last week)</li><li>26-week bill: $30 billion (same as last week)</li></ul>Tuesday August 10, 2010<br /><ul><li>4-week bill: TBA (last week $31 billion)</li><li>3-year note: $34 billion (<strong><span style="color:#009900;">$1 billion less</span></strong> than last month)</li></ul>Wednesday August 11, 2010<br /><ul><li>56-day CMB* for SFP*: $25 billion (same as last week)<br /><br />Primary Dealer: $15.08 billion (60.3%; last week 63.8%)<br />Direct Bidder: $4.73 billion (18.9%; last week 17.8%)<br />Indirect Bidder: $5.20 billion (20.8%; last week 18.3%)<br />Bid to Cover Ratio: <strong><span style="color:#009900;">4.95</span></strong> (last week 4.64)<br />Investment Rate: <strong><span style="color:#009900;">0.137%</span></strong> (last week 0.162%)<br />High Rate: 0.135% (allotted at high: 80.85%)<br /></li><li>10-year note: $24 billion (same as the last original issue in May 2010)<br /><br />Primary Dealer: $10.38 billion (<strong><span style="color:#009900;">43.3%</span></strong>; last original issue 33%)<br />Direct Bidder: $2.53 billion (<strong><span style="color:#ff0000;">10.5%</span></strong>; last original issue 24.8%)<br />Indirect Bidder: $10.92 billion (<strong><span style="color:#009900;">45.5%</span></strong>; last original issue 41.6%)<br />Bid to Cover Ratio: <strong><span style="color:#009900;">3.04</span></strong> (last original issue 2.96)<br />Interest Rate: <strong><span style="color:#009900;">2.625%</span></strong> (last original issue 3.500%)<br />High Yield: 2.730% (allotted at high: 10.57%)<br /><br />In addition, SOMA purchased $1.44 billion 10-year note.</li></ul>Thursday August 12, 2010<br /><ul><li>30-year bond: $16 billion (same as the last original issue in May 2010)</li></ul><strong>Total for the week: $134 billion</strong><br /><ul><li>Bills: $60 billion (without 4-week bill and 56-day CMB)</li><li>Notes and bonds: $74 billion</li></ul><strong><span style="color:#990000;">Total for August 2010 so far: $116 billion</span></strong><br /><ul><li>Bills: $116 billion</li></ul>arevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.com0tag:blogger.com,1999:blog-4788617618437848249.post-47078976559017553612010-07-25T13:51:00.000-07:002010-07-25T14:11:46.878-07:00Treasury Auction for the Week of July 26, 2010The US Treasury Department will auction the following Treasury securities for the week of July 26, 2010.<br /><br />The trend continues, of decreased amount raised via the auctions of notes (Treasury securities with maturities longer than one year).<br /><br />Monday July 26, 2010<ul><li>13-week bill: $30 billion (same as last week)</li><li>26-week bill: $30 billion (same as last week)</li></ul>Tuesday July 27, 2010<ul><li>4-week bill: TBA (last week $32 billion)</li><li>52-weel bill: $25 billion (same as last month)</li><li>2-year note: $38 billion (<strong><span style="color:#009900;">$2 billion less</span></strong> than last month)</li></ul>Wednesday July 28, 2010<ul><li>56-day CMB* under SFP*: TBA (last week $25 billion)</li><li>5-year note: $37 billion (<strong><span style="color:#009900;">$1 billion less</span></strong> than last month)</li></ul>Thursday July 29, 2010<ul><li>7-year note: $29 billion (<strong><span style="color:#009900;">$1 billion less</span></strong> than last month)</li></ul><strong>Total for the week: $189 billion (without 4-week bill and 56-day CMB)</strong><ul><li>Bills: $85 billion (without 4-week bill and 56-day CMB)</li><li>Notes: $104 billion </li></ul><strong><span style="color:#990000;">Total for July 2010 so far: $436 billion</span></strong><strong><span style="color:#990000;"></span></strong><ul><li>Bills: $355 billion</li><li>Notes and bonds: $81 billion</li></ul><strong><span style="color:#3366ff;">Additional purchase by SOMA for July 2010 so far: $12.898 billion</span></strong><ul><li>Bills: $12.49 billion</li><li>Notes and bonds: $408 million</li></ul>arevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.com0tag:blogger.com,1999:blog-4788617618437848249.post-8970030658678002422010-07-21T23:15:00.000-07:002010-07-21T23:19:39.922-07:00Treasury Auction for the Week of July 19, 2010 (Updated with Results)The US Treasury Department auctioned the following Treasury securities this week.<br /><br />Monday July 19, 2010 <ul><li>13-week bill: $30 billion (same as last week)<br /><br />Primary Dealer: $14.86 billion (<span style="color:#009900;">49.5%</span>; last week 48.2%)<br />Direct Bidder: $3.07 billion (<span style="color:#009900;">10.2%</span>; last week 8.9%)<br />Indirect Bidder: $10.63 billion (<span style="color:#ff0000;">35.4%</span>; last week 38.1%)<br />Bid to Cover Ratio: <strong><span style="color:#ff0000;">4.29</span></strong> (last week 4.64)<br />Investment Rate: <span style="color:#ff0000;">0.157%</span> (last week 0.152%)<br />High Rate: 0.155% (allotted at high: 41.51%)<br /><br /></li><li>26-week bill: $30 billion (same as last week)<br /><br />Primary Dealer: $11.38 billion (<strong><span style="color:#ff0000;">37.9%</span></strong>; last week 54.9%)<br />Direct Bidder: $3.85 billion (12.8%; last week 13.6%)<br />Indirect Bidder: $13.31 billion (<strong><span style="color:#009900;">44.4%</span></strong>; last week 27%)<br />Bid to Cover Ratio: <strong><span style="color:#009900;">4.19</span></strong> (last week 3.90)<br />Investment Rate: <span style="color:#009900;">0.198%</span> (last week 0.203%)<br />High Rate: 0.195% (allotted at high: 2.78%)</li></ul>Tuesday July 20, 2010<br /><ul><li>4-week bill: $32 billion (same as last week)<br /><br />Primary Dealer: $17.05 billion (<span style="color:#009900;">53.3%</span>; last week 52.4%)<br />Direct Bidder: $3.68 billion (<strong><span style="color:#ff0000;">11.5%</span></strong>; last week 16.9%)<br />Indirect Bidder: $10.99 billion (<strong><span style="color:#009900;">34.3%</span></strong>; last week 29.4%)<br />Bid to Cover Ratio: <strong><span style="color:#009900;">4.42</span></strong> (last week 4.16)<br />Investment Rate: <span style="color:#ff0000;">0.157%</span> (last week 0.152%)<br />High Rate: 0.155% (allotted at high: 0.87%)<br /><br />In addition, SOMA* purchased $2.42 billion 4-week bill.</li></ul>Wednesday July 21, 2010<br /><ul><li>56-day CMB* for SFP*: $25 billion (same as last week)<br /><br />Primary Dealer: $15.22 billion (<strong><span style="color:#ff0000;">60.9%</span></strong>; last week 71.5%)<br />Direct Bidder: $3.97 billion (<strong><span style="color:#009900;">15.9%</span></strong>; last week 11.9%)<br />Indirect Bidder: $5.81 billion (<strong><span style="color:#009900;">23.2%</span></strong>; last week 16.5%)<br />Bid to Cover Ratio: <strong><span style="color:#009900;">4.63</span></strong> (last week 4.61)<br />Investment Rate: 0.162% (last week 0.162%)<br />High Rate: 0.160% (allotted at high: 17.02%)</li></ul><strong>Total for the week: $117 billion</strong><br /><ul><li>Bills: $117 billion</li></ul><strong><span style="COLOR: rgb(153,0,0)">Total for July 2010 so far: $436 billion<br /></span></strong><ul><li>Bills: $355 billion</li><li>Notes and bonds: $81 billion</li></ul><strong><span style="COLOR: rgb(51,102,255)">Additional Purchase by SOMA for July 2010 so far: $12.898 billion</span></strong><br /><ul><li>Bills: $12.49 billion</li><li>Notes and bonds: $408 million</li></ul>arevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.com0tag:blogger.com,1999:blog-4788617618437848249.post-87277087961778114802010-07-20T00:40:00.000-07:002010-07-21T23:20:21.988-07:00Direct Bidder Percentage in Treasury Auction from January 2009 to July 2010<a href="http://4.bp.blogspot.com/_8hz7JYvMfTU/TEVUw7SRB6I/AAAAAAAABUY/BBzYs8gq_sw/s1600/DirectBidderPercentage.bmp"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 218px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5495892119800317858" border="0" alt="" src="http://4.bp.blogspot.com/_8hz7JYvMfTU/TEVUw7SRB6I/AAAAAAAABUY/BBzYs8gq_sw/s400/DirectBidderPercentage.bmp" /></a> (Click on the chart for clearer image.)<br /><br /><div>Direct Bidder Percentage used in the chart was calculated from the auction results published by the US Treasury Department. For bills, the 1st week of the month data were used. For notes, the July auctions will be held next week. The first-ever auction of 7-year note was February 2009.</div><br /><div></div><div>Observation:</div><div></div><br /><div>Many analysts and observers have noted the increased Direct Bidder participation in Treasury notes and bonds. However, the same is also true for shorter bills, as you can see in the chart. </div><br /><div></div><div>There are a few volatile data series (2-year note, 7-year note), but the general average trend of Direct Bidder participation in Treasury auctions started to move up in February 2010. Notice that after April most Treasury securities featured here have over 10% Direct Bidder participation.</div><div></div><br /><div>Events that may have influenced the trend:</div><br /><div></div><div>In late January, the SEC announced <a href="http://ex-skf.blogspot.com/2010/01/secs-new-rules-for-money-market-funds.html">new rules for money market funds</a>. Money market funds would be required to hold certain percentage of safe and liquid securities such as Treasuries.</div><br /><div></div><div>In early March, the SEC announced the <a href="http://reaction.orrick.com/reaction/email/pdf/SECAnnouncesSchedule.pdf">implementation dates</a> (end of May, end of June) for the new money market fund rules.</div><div></div><br /><div>The Federal Reserve ended the quantitative easing on March 31.</div>arevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.com0tag:blogger.com,1999:blog-4788617618437848249.post-33145168279582506992010-07-18T16:25:00.000-07:002010-07-19T00:19:21.030-07:00Treasury Auction for the Week of July 12, 2010 (Corrected) (UPDATED WITH RESULTS)The US Treasury Department will auction the following Treasury securities this week.<br /><br />Monday July 12, 2010 <ul><li>13-week bill: $30 billion (same as last week)<br /><br />Primary Dealer: $14.45 billion (<span style="COLOR: rgb(51,204,0); FONT-WEIGHT: bold">48.2%</span>; last week 39.4%)<br />Direct Bidder: $2.68 billion (<span style="COLOR: rgb(51,204,0)">8.9%</span>; last week 8.1%)<br />Indirect Bidder: $11.42 billion (<span style="COLOR: rgb(255,0,0); FONT-WEIGHT: bold">38.1%</span>; last week 47.9%)<br />Bid to Cover Ratio: <span style="COLOR: rgb(51,204,0); FONT-WEIGHT: bold">4.64</span> (last week 4.23)<br />Investment Rate: <span style="COLOR: rgb(51,204,0)">0.152%</span> (last week 0.167%)<br />High Rate: 0.150% (allotted at high: 80.78%)<br /><br /></li><li>26-week bill: $30 billion (same as last week)<br /><br />Primary Dealer: $16.46 billion (<span style="COLOR: rgb(51,204,0); FONT-WEIGHT: bold">54.9%</span>; last week 43.9%)<br />Direct Bidder: $4.07 billion (<span style="COLOR: rgb(255,0,0)">13.6%</span>; last week 14.7%)<br />Indirect Bidder: $8.09 billion (<span style="COLOR: rgb(255,0,0); FONT-WEIGHT: bold">27%</span>; last week 37.2%)<br />Bid to Cover Ratio: <span style="COLOR: rgb(255,0,0); FONT-WEIGHT: bold">3.90</span> (last week 4.15)<br />Investment Rate: <span style="COLOR: rgb(51,204,0)">0.203%</span> (last week 0.208%)<br />High Rate: 0.200% (allotted at high: 36.10%)<br /><br /></li><li>3-year note: $35 billion (<span style="COLOR: rgb(51,204,0)">$1 billion less</span> than last month)<br /><br />Primary Dealer: $15.76 billion (<span style="COLOR: rgb(51,204,0); FONT-WEIGHT: bold">45%</span>; last month 36.9%)<br />Direct Bidder: $4.98 billion (<span style="COLOR: rgb(255,0,0)">14.2%</span>; last month 16.3%)<br />Indirect Bidder: $14.20 billion (<span style="COLOR: rgb(255,0,0); FONT-WEIGHT: bold">40.6%</span>; last month 46.6%)<br />Bid to Cover Ratio: <span style="COLOR: rgb(255,0,0)">3.20</span> (last month 3.23)<br />Interest Rate: <span style="COLOR: rgb(51,204,0); FONT-WEIGHT: bold">1%</span> (last month 1.125%)<br />High Yield: 1.055% (allotted at high: 72.43%)<br /><br />In addition, SOMA* purchased $10 million 3-year note.<br /></li></ul>Tuesday July 13, 2010 <ul><li>4-week bill: $32 billion (<span style="COLOR: rgb(51,204,0)">$4 billion less</span> than last week)<br /><br />Primary Dealer: $16.77 billion (<strong><span style="color:#ff0000;">52.4%</span></strong>; last week 65.8%)<br />Direct Bidder: $5.41 billion (<span style="color:#009900;">16.9%</span>; last week 14.1%)<br />Indirect Bidder: $9.40 billion (<strong><span style="color:#009900;">29.4%</span></strong>; last week 19.4%)<br />Bid to Cover Ratio: <strong><span style="color:#009900;">4.16</span></strong> (last week 3.57)<br />Investment Rate: <strong><span style="color:#009900;">0.152%</span></strong> (last week 0.167%)<br />High Rate: 0.150% (allotted at high: 63.33%)<br /><br />In addition, SOMA* purchased $6.29 billion 4-week bill.<br /><br /></li><li>9-year 10-month note (2nd reopening): $21 billion (same as 1st reopening in June)<br /><br />Primary Dealer: $10.18 billion (<strong><span style="color:#009900;">48.5%</span></strong>; 1st reopening 46.2%)<br />Direct Bidder: $2.05 billion (<span style="COLOR: rgb(255,0,0)"><strong>9.8%</strong></span>; 1st reopening 13.5%)<br />Indirect Bidder: $8.73 billion (<span style="color:#009900;">41.6%</span>; 1st reopening 40.0%)<br />Bid to Cover Ratio: <strong><span style="color:#ff0000;">3.09</span></strong> (1st reopening 3.24; original issue 2.96)<br />Interest Rate: 3.500%<br />High Yield: <strong><span style="color:#009900;">3.119%</span></strong> (allotted at high: 77.69%) (1st reopening high yield: 3.242%; original issue high yield: 3.548%)<br /><br />In addition, SOMA* purchased <strong>$6 million</strong> 9-year 10-month note. (last month's purchase: $121 million)</li></ul><p>Wednesday July 14, 2010</p><ul><li>56-day CMB: $25 billion (same as last week)<br /><br />Primary Dealer: $17.88 billion (<strong><span style="color:#009900;">71.5%</span></strong>; last week 54.6%)<br />Direct Bidder: $2.98 billion (<strong><span style="color:#ff0000;">11.9%</span></strong>; last week 17.2%)<br />Indirect Bidder: $4.13 billion (<strong><span style="color:#ff0000;">16.5%</span></strong>; last week 28.3%)<br />Bid to Cover Ratio: <strong><span style="color:#009900;">4.61</span></strong> (last week 4.40)<br />Investment Rate: <strong><span style="color:#009900;">0.162%</span></strong> (last week 0.167%)<br />High Rate: 0.160% (allotted at high: 36.00%)<br /><br /></li><li>29-year 10-month bond (2nd reopening): $13 billion (same as 1st reopening in June)<br /><br />Primary Dealer: $6.03 billion (<span style="color:#009900;"><strong>46.4%</strong></span>; 1st reopening 43.6%)<br />Direct Bidder: $2.09 billion (<span style="COLOR: rgb(255,0,0)"><strong>16.1%</strong></span>; 1st reopening 20.2%)<br />Indirect Bidder: $4.86 billion (<strong><span style="color:#009900;">37.4%</span></strong>; 1st reopening 35.9%)<br />Bid to Cover Ratio: <span style="color:#009900;">2.89</span> (1st reopening 2.87; original issue 2.60)<br />Interest Rate: 4.375%<br />High Yield: <strong><span style="color:#009900;">4.080%</span></strong> (allotted at high: 39.23%) (1st reopening 4.182%; original issue 4.449%)<br /><br />In addition, SOMA* purchased <strong>$4 million</strong> 29-year 10-month bond. (1st reopening purchase: $75 million)</li></ul><span style="FONT-WEIGHT: bold">Total for the week: $186 billion</span><br /><ul><li>Bills: $117 billion</li><li>Notes and bonds: $69 billion</li></ul><strong><span style="COLOR: rgb(153,0,0)">Total for July 2010 so far: $319 billion</span></strong> <ul><li>Bills: $238 billion</li><li>Notes: $81 billion</li></ul><strong><span style="COLOR: rgb(51,102,255)">Additional purchase by SOMA for July 2010 so far:</span></strong><span style="COLOR: rgb(51,102,255)"> <span style="FONT-WEIGHT: bold">$10.478 billion</span></span><br /><ul><li>Bills: $10.07 billion</li><li>Notes: $408 million</li></ul>arevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.com0tag:blogger.com,1999:blog-4788617618437848249.post-57455493022123027412010-07-08T21:30:00.000-07:002010-07-08T21:33:23.622-07:00Treasury Auction for the Week of July 6, 2010 (Updated with Results)The US Treasury Department auctioned the following Treasury securities this week.<br /><br />Tuesday July 6, 2010<br /><ul><li>13-week bill: $30 billion (<span style="font-weight: bold; color: rgb(255, 0, 0);">$2 billion more</span> than last week)<br /><br />Primary Dealer: $11.82 billion (<span style="font-weight: bold; color: rgb(255, 0, 0);">39.4%</span>; last week 46.3%)<br />Direct Bidder: $2.44 billion (<span style="font-weight: bold; color: rgb(255, 0, 0);">8.1%</span>; last week 15%)<br />Indirect Bidder: $14.38 billion (<span style="font-weight: bold; color: rgb(51, 204, 0);">47.9%</span>; last week 30.9%)<br />Bid to Cover Ratio: <span style="font-weight: bold; color: rgb(51, 204, 0);">4.23</span> (last week 3.95)<br />Investment Rate: <span style="color: rgb(255, 0, 0);">0.167%</span> (last week 0.162%) *same as 4-week bill, 56-day CMB*<br />High Rate: 0.165% (allotted at high: 51.92%)<br /><br /></li><li>26-week bill: $30 billion (<span style="font-weight: bold; color: rgb(255, 0, 0);">$2 billion more</span> than last week)<br /><br />Primary Dealer: $13.16 billion (<span style="font-weight: bold; color: rgb(51, 204, 0);">43.9%</span>; last week 32.1%)<br />Direct Bidder: $4.40 billion (<span style="font-weight: bold; color: rgb(255, 0, 0);">14.7%</span>; last week 18.1%)<br />Indirect Bidder: $11.16 billion (<span style="font-weight: bold; color: rgb(255, 0, 0);">37.2%</span>; last week 43.7%)<br />Bid to Cover Ratio: <span style="font-weight: bold; color: rgb(255, 0, 0);">4.15</span> (last week 4.24)<br />Investment Rate: <span style="color: rgb(51, 204, 0);">0.208%</span> (last week 0.218%)<br />High Rate: 0.205% (allotted at high: 73.41%)<br /></li></ul>Wednesday July 7, 2010<br /><ul><li>4-week bill: $36 billion (same as last week)<br /><br />Primary Dealer: $23.67 billion (<span style="color: rgb(51, 204, 0);">65.8%</span>; last week 64%)<br />Direct Bidder: $5.09 billion (<span style="color: rgb(51, 204, 0);">14.1%</span>; last week 12.8%)<br />Indirect Bidder: $6.98 billion (19.4%; last week 19.6%)<br />Bid to Cover Ratio: <span style="color: rgb(51, 204, 0);">3.57</span> (last week 3.47)<br />Investment Rate: <span style="font-weight: bold; color: rgb(255, 0, 0);">0.167%</span> (last week 0.152%) *same as 13-week bill, 56-day CMB*<br />High Rate: 0.165% (allotted at high: 88.94%)<br /><br />In addition, SOMA* purchased $3.78 billion 4-week bill.<br /><br /></li><li>56-day CMB* under SFP* for the Federal Reserve: $25 billion (same as last week)<br /><br />Primary Dealer: $13.64 billion (<span style="font-weight: bold; color: rgb(51, 204, 0);">54.6%</span>; last week 44.6%)<br />Direct Bidder: $4.30 billion (<span style="font-weight: bold; color: rgb(51, 204, 0);">17.2%</span>; last week 11.1%)<br />Indirect Bidder: $7.07 billion (<span style="font-weight: bold; color: rgb(255, 0, 0);">28.3%</span>; last week 44.3%)<br />Bid to Cover Ratio: <span style="color: rgb(255, 0, 0);">4.40</span> (last week 4.50)<br />Investment Rate: <span style="font-weight: bold; color: rgb(51, 204, 0);">0.167%</span> (last week 0.183%) *same as 4-week bill, 13-week bill*<br />High Rate: 0.165% (allotted at high: 24.41%)<br /></li></ul>Thursday July 8, 2010<br /><ul><li>10-year TIPS: $12 billion (<span style="font-weight: bold; color: rgb(255, 0, 0);">$2 billion more</span> than last original issue in January)<br /><br />Primary Dealer: $5.20 billion (<span style="font-weight: bold; color: rgb(255, 0, 0);">43.3%</span>; last original issue 52%)<br />Direct Bidder: $0.50 billion (<span style="color: rgb(255, 0, 0);">4%</span>; last original issue 3%)<br />Indirect Bidder: $6.15 billion (<span style="font-weight: bold; color: rgb(51, 204, 0);">51.3%</span>; last original issue 39.6%)<br />Bid to Cover Ratio: <span style="font-weight: bold; color: rgb(51, 204, 0);">2.88 </span>(last original issue 2.65)<br />Interest Rate: <span style="font-weight: bold; color: rgb(51, 204, 0);">1.250%</span> (last original issue 1.375%)<br />High Yield: 1.295% (allotted at high: 43.46%)<br /><br />In addition, SOMA purchased $388 million 10-year TIPS.<br /></li></ul><span style="font-weight: bold;">Total for the week: $133 billion</span><br /><ul><li>Bills: $121 billion<br /></li><li>Notes: $12 billion</li></ul><span style="font-weight: bold; color: rgb(204, 0, 0);">Total for July 2010 so far: $133 billion</span><br /><ul><li>Bills: $121 billion</li><li>Notes: $12 billion</li></ul><span style="font-weight: bold; color: rgb(51, 102, 255);">Additional purchase by SOMA for July 2010 so far: $4.168 billion</span><br /><ul><li>Bills: $3.78 billion<br /></li><li>Notes: $388 million<br /></li></ul>arevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.com0tag:blogger.com,1999:blog-4788617618437848249.post-36639071351323964772010-07-06T18:56:00.000-07:002010-07-06T20:51:32.022-07:00Treasury Auctions from July 2009 to June 2010 (1-Year Anniversary Special)<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_8hz7JYvMfTU/TDP3r0k6eGI/AAAAAAAABTI/PxH7VddXHA8/s1600/auctionjuly09-june10.bmp"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 209px;" src="http://3.bp.blogspot.com/_8hz7JYvMfTU/TDP3r0k6eGI/AAAAAAAABTI/PxH7VddXHA8/s400/auctionjuly09-june10.bmp" alt="" id="BLOGGER_PHOTO_ID_5491004702914672738" border="0" /></a><span style="font-size:85%;">(Click on the chart for sharper image.)</span><br /><br /><span style="font-weight: bold;">Observations:</span><br /><br />After subdued fall and winter auctions, the treasury auctions spiked in March, due to the increased issuance of short-term bills, in particular, 56-day CMB (Cash Management Bill) to raise money for the use of Federal Reserve (and the money goes to the "Supplemental Financing Account" at the Federal Reserve; <a href="http://www.federalreserve.gov/releases/h41/current/">the balance as of June 30</a> is $199,965 million).<br /><br />In addition to the 56-day CMB, there has been a <span style="font-style: italic; font-weight: bold;">noticeable increase in short-term bill issuance</span> since January.<br /><ul><li>Weekly issuance of 4-week bill went from $10 billion in January to $36 billion in the last week of June;</li><li>Weekly issuance of 13-week bill went from $23 billion in January to $28 billion in June; and </li><li>Weekly issuance of 26-week bill went from $25 billion in January to $28 billion in June.</li></ul>The dotted line on the chart indicates the total amount of short-term bills each month.<br /><br />The issuance of notes and bonds <span style="font-style: italic; font-weight: bold;">declined</span> in June to below $180 billion per month for the first time since July 2009. 12-month average is $193.15 billion per month.<br /><br />This is despite the Treasury Secretary Tim Geithner's remarks last October that <a href="http://www.bloomberg.com/apps/news?pid=newsarchive&sid=auBVY_IxvAk4">the Treasury plans to lengthen the average maturity of debt</a> from 49 months to 72 months.<br /><br />Looking at the actual auction results for the last 12 months, particularly since the beginning of this year, the opposite seems to be true; the Treasury Department is borrowing using short-term debt to fund the government spending, which by nature is long-term.arevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.com0tag:blogger.com,1999:blog-4788617618437848249.post-59049892299311729252010-06-30T18:00:00.000-07:002010-07-06T18:08:45.364-07:00Treasury Auction for June 2010<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_8hz7JYvMfTU/TDPThx6IjTI/AAAAAAAABSo/Z8aEBiSfpg8/s1600/June10-Auction.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 131px; height: 320px;" src="http://1.bp.blogspot.com/_8hz7JYvMfTU/TDPThx6IjTI/AAAAAAAABSo/Z8aEBiSfpg8/s320/June10-Auction.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5490964947981077810" /></a>arevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.com0tag:blogger.com,1999:blog-4788617618437848249.post-56927264451538396472010-06-28T22:03:00.000-07:002010-07-06T18:03:57.719-07:00Treasury Auction for the Week of June 28, 2010 (Updated with Results)The US Treasury Department will auction the following Treasury securities this week.<br /><br />Monday June 28, 2010 <ul><li>13-week bill: $28 billion (<span style="color: rgb(255, 0, 0);"><strong>$1 billion more</strong></span> than last week)<br /><br />Primary Dealer: $12.95 billion (<strong><span style="color: rgb(255, 0, 0);">46.3%</span></strong>; last week 62.6%)<br />Direct Bidder: $4.22 billion (15%; last week 15.1%)<br />Indirect Bidder: $8.66 billion (<strong><span style="color: rgb(0, 153, 0);">30.9%</span></strong>; last week 16.3%)<br />Bid to Cover Ratio: 3.95 (last week 3.91)<br />Investment Rate: <strong><span style="color: rgb(0, 153, 0);">0.162%</span></strong> (last week 0.117%)<br />High Rate: 0.160% (allotted at high: 44.35%)<br /><br /></li><li>26-week bill: $28 billion (<span style="color: rgb(255, 0, 0);"><strong>$1 billion more</strong></span> than last week)<br /><br />Primary Dealer: $8.98 billion (<strong><span style="color: rgb(255, 0, 0);">32.1%</span></strong>; last week 43.5%)<br />Direct Bidder: $5.06 billion (<strong><span style="color: rgb(0, 153, 0);">18.1%</span></strong>; last week 11.3%)<br />Indirect Bidder: $12.24 billion (<strong><span style="color: rgb(0, 153, 0);">43.7%</span></strong>; last week 39.7%)<br />Bid to Cover Ratio: <span style="color: rgb(0, 153, 0);">4.24</span> (last week 4.12)<br />Investment Rate: <strong><span style="color: rgb(255, 0, 0);">0.218%</span></strong> (last week 0.173%)<br />High Rate: 0.215% (allotted at high: 67.21%)</li></ul><p>Tuesday June 29, 2010</p><ul><li>4-week bill: $36 billion (<strong><span style="color: rgb(255, 0, 0);font-size:130%;" >$4 billion more</span></strong> than last week; the previous high was August 2009 at $35 billion)<br /><br />Primary Dealer: $23.05 billion (<span style="font-weight: bold; color: rgb(0, 153, 0);">64%</span>; last week 54.8%)<br />Direct Bidder: $4.60 billion (<span style="font-weight: bold; color: rgb(255, 0, 0);">12.8%</span>; last week 22%)<br />Indirect Bidder: $7.06 billion (<span style="color: rgb(255, 0, 0);">19.6%</span>; last week 22.3%)<br />Bid to Cover Ratio: <span style="font-weight: bold; color: rgb(255, 0, 0);">3.47</span> (last week 3.70)<br />Investment Rate: <span style="font-weight: bold; color: rgb(255, 0, 0);">0.152%</span> (last week 0.086%)<br />High Rate: 0.150% (allotted at high: 65.36%)<br /><br />In addition, SOMA* purchased <span style="font-weight: bold;">$5.94 billion</span> 4-week bill.<br /></li></ul>Wednesday June 30, 2010 <ul><li>56-day CMB* under SFP* for the Federal Reserve: $25 billion<br /><br />Primary Dealer: $11.14 billion (44.6%; last week 46%)<br />Direct Bidder: $2.78 billion (<span style="font-weight: bold; color: rgb(255, 0, 0);">11.1%</span>; last week 19.7%)<br />Indirect Bidder: $11.07 billion (<span style="font-weight: bold; color: rgb(51, 204, 0);">44.3%</span>; last week 34.3%)<br />Bid to Cover Ratio: <span style="font-weight: bold; color: rgb(51, 204, 0);">4.50</span> (last week 4.33)<br />Investment Rate: <span style="font-weight: bold; color: rgb(255, 0, 0);">0.183%</span> (last week 0.122%)<br />High Rate: 0.180% (allotted at high: 13.22%)<br /></li></ul><strong>Total for the week: $117 billion</strong><ul><li>Bills: $117 billion</li></ul><strong><span style="color: rgb(153, 0, 0);">Total for June 2010: <span style="font-size:130%;">$787 billion</span></span></strong><ul><li style="font-weight: bold;">Bills: $609 billion</li><li>Notes and Bonds: $178 billion</li></ul><span style="font-weight: bold; color: rgb(51, 102, 255);">Additional purchase by SOMA for June 2010:</span><span style="color: rgb(51, 102, 255);"> </span><span style="font-weight: bold; color: rgb(51, 102, 255);">$27.987 billion</span><br /><ul><li>Bills: $24.37 billion<br /></li><li>Notes and Bonds: $3.617 billion</li></ul>arevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.com0tag:blogger.com,1999:blog-4788617618437848249.post-41459576182190904922010-06-20T16:06:00.000-07:002010-07-06T17:52:00.311-07:00Treasury Auction Schedule for the Week of June 21, 2010 (Updated with Results)(Sorry for the delay. Bear with me while I catch up with updates..)<br /><br />The US Treasury Department will auction the following Treasury securities this week.<br /><br />Monday June 21, 2010<ul><li>13-week bill: $27 billion (same as last week)<br /><br />Primary Dealer: $16.90 billion (<strong><span style="color: rgb(0, 153, 0);">62.6%</span></strong>; last week 56.4%)<br />Direct Bidder: $4.09 billion (<strong><span style="color: rgb(0, 153, 0);">15.1%;</span></strong> last week 9.6%)<br />Indirect Bidder: $4.39 billion (<strong><span style="color: rgb(255, 0, 0);">16.3%</span></strong>; last week 28.8%)<br />Bid to Cover Ratio: <strong><span style="color: rgb(255, 0, 0);">3.91</span></strong> (last week 4.93)<br />Investment Rate:<strong><span style="color: rgb(255, 0, 0);"> 0.117%</span></strong> (last week 0.066%)<br />High Rate: 0.115% (allotted at high: 96.56%)<br /><br /></li><li>26-week bill: $27 billion (same as last week)<br /><br />Primary Dealer: $11.75 billion (<strong><span style="color: rgb(255, 0, 0);">43.5%</span></strong>; last week 55.4%)<br />Direct Bidder: $3.04 billion (11.3%; last week 10.3%)<br />Indirect Bidder: $10.73 billion (<strong><span style="color: rgb(0, 153, 0);">39.7%</span></strong>; last week 29.6%)<br />Bid to Cover Ratio: <span style="color: rgb(255, 0, 0);">4.12</span> (last week 4.25)<br />Investment Rate: <strong><span style="color: rgb(255, 0, 0);">0.173%</span></strong> (last week 0.152%)<br />High Rate: 0.170% (allotted at high: 84.91%)</li></ul>Tuesday June 22, 2010<br /><ul><li>4-week bill: $32 billion (<span style="color: rgb(255, 0, 0);"><strong>$1 billion more</strong></span> than last week)<br /><br />Primary Dealer: $17.54 billion (<span style="color: rgb(0, 153, 0);">54.8%</span>; last week 52.3%)<br />Direct Bidder: $7.05 billion (<strong><span style="color: rgb(0, 153, 0);">22%</span></strong>; last week 10.8%)<br />Indirect Bidder: $7.14 billion (<strong><span style="color: rgb(255, 0, 0);">22.3%</span></strong>; last week 36.2%)<br />Bid to Cover Ratio: <strong><span style="color: rgb(255, 0, 0);">3.70</span></strong> (last week 4.36)<br />Investment Rate: <strong><span style="color: rgb(255, 0, 0);">0.086%</span></strong> (last week 0.030%)<br />High Rate: 0.085% (allotted at high: 58.75%)<br /><br />In addition, SOMA* purchased $2.42 billion 4-week bill.<br /><br /></li><li>2-year note: $40 billion (<strong><span style="color: rgb(0, 153, 0);">$2 billion less</span></strong> than last month)<br /><br />Primary Dealer: $14.85 billion (<span style="font-weight: bold; color: rgb(255, 0, 0);">37.1%</span>; last month 48%)<br />Direct Bidder: $8.43 billion (<span style="font-weight: bold; color: rgb(51, 204, 0);">21.1%</span>; last month 15%)<br />Indirect Bidder: $16.39 billion (<span style="font-weight: bold; color: rgb(51, 204, 0);">41%</span>; last month 35.8%)<br />Bid to Cover Ratio: <span style="font-weight: bold; color: rgb(51, 204, 0);">3.45</span> (last month 2.93)<br />Interest Rate: <span style="font-weight: bold; color: rgb(51, 204, 0);">0.625%</span> (last month 0.750%)<br />High Yield: 0.738% (allotted at high: 70.18%)<br /><br />In addition, SOMA purchased $1.19 billion 2-year note.<br /></li></ul>Wednesday June 23, 2010<ul><li>56-day CMB* under SFP*: $25 billion (same as last week)<br /><br />Primary Dealer: $11.50 billion (<span style="font-weight: bold; color: rgb(255, 0, 0);">46%</span>; last week 73.6%)<br />Direct Bidder: $4.93 billion (<span style="color: rgb(51, 204, 0);">19.7%</span>; last week 14.6%)<br />Indirect Bidder: $8.57 billion (<span style="font-weight: bold; color: rgb(51, 204, 0);">34.3%</span>; last week 11.8%)<br />Bid to Cover Ratio: <span style="font-weight: bold; color: rgb(51, 204, 0);">4.33 </span>(last week 4.11)<br />Investment Rate: <span style="font-weight: bold; color: rgb(255, 0, 0);">0.122%</span> (last week 0.091%)<br />High Rate: 0.120% (allotted at high: 30.06%)<br /><br /></li><li>5-year note: $38 billion (<strong><span style="color: rgb(0, 153, 0);">$2 billion less</span></strong> than last month)<br /><br />Primary Dealer: $20.74 billion (<span style="font-weight: bold; color: rgb(51, 204, 0);">54.6%</span>; last month 44.3%)<br />Direct Bidder: $4.04 billion (<span style="font-weight: bold; color: rgb(255, 0, 0);">10.6%</span>; last month 15%)<br />Indirect Bidder: $13.09 billion <span style="font-weight: bold; color: rgb(255, 0, 0);">(34.4%</span>; last month 40.4%)<br />Bid to Cover Ratio: 2.58 (last month 2.71)<br />Interest Rate: 1.875% (last month 2.125%)<br />High Yield: 1.995% (allotted at high: 18.36%)<br /><br />In addition, SOMA purchased $1.13 billion 5-year note.<br /></li></ul>Thursday June 24, 2010<ul><li>7-year note: $30 billion (<strong><span style="color: rgb(0, 153, 0);">$1 billion less</span></strong> than last month)<br /><br />Primary Dealer: $11.75 billion (<span style="color: rgb(51, 204, 0);">39.2%</span>; last month 37.5%)<br />Direct Bidder: $2.94 billion (<span style="color: rgb(255, 0, 0);">9.8%</span>; last month 11.4%)<br />Indirect Bidder: 15.29 billion (51%; last month 51.1%)<br />Bid to Cover Ratio: <span style="font-weight: bold; color: rgb(51, 204, 0);">3.01</span> (last month 2.88)<br />Interest Rate: <span style="font-weight: bold; color: rgb(51, 204, 0);">2.500%</span> (last month 2.750%)<br />High Yield: 2.575% (allotted at high: 65.69%)<br /><br />In addition, SOMA purchased $893 million 7-year note.<br /></li></ul><strong>Total for the week: $219 billion</strong><ul><li>Bills: $111 billion</li><li>Notes: $108 billion</li></ul><strong><span style="color: rgb(153, 0, 0);">Total for June 2010 so far: $670 billion</span></strong><ul><li>Bills: $492 billion</li><li>Notes and bonds: $178 billion</li></ul><strong style="font-weight: bold; color: rgb(51, 102, 255);">Additional purchase by SOMA for June 2010 so far: </strong><span style="font-weight: bold; color: rgb(51, 102, 255);">$22.047 billion</span><br /><ul><li>Bills: $18.43 billion<br /></li><li>Notes and bonds: $3.617 billion<br /></li></ul>arevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.com0tag:blogger.com,1999:blog-4788617618437848249.post-31541509839486638432010-06-19T22:40:00.000-07:002010-06-20T22:46:42.357-07:00Treasury Auction Result for the Week of June 14, 2010The US Treasury Department auctioned the following Treasury securities this week.<br /><br />Monday June 14, 2010<ul><li>13-week bill: $27 billion (same as last week)<br /><br />Primary Dealer: $15.22 billion (<strong><span style="color:#009900;">56.4%</span></strong>; last week 47%)<br />Direct Bidder: $2.60 billion (<strong><span style="color:#009900;">9.6%</span></strong>; last week 6.9%)<br />Indirect Bidder: $7.78 billion (<strong><span style="color:#cc0000;">28.8%</span></strong>; last week 41%)<br />Bid to Cover Ratio: <strong><span style="color:#009900;">4.93</span></strong> (last week 4.80)<br />Investment Rate: <strong><span style="color:#009900;">0.066%</span></strong> (last week 0.132%)<br />High Rate: 0.065% (allotted at high: 33.83%)</li><br /><li>26-week bill: $27 billion (same as last week)<br /><br />Primary Dealer: $14.96 billion (<strong><span style="color:#009900;">55.4%</span></strong>; last week 39.5%)<br />Direct Bidder: $2.77 billion (<strong><span style="color:#cc0000;">10.3%</span></strong>; last week 14.7%)<br />Indirect Bidder: $7.98 billion (<strong><span style="color:#cc0000;">29.6%</span></strong>; last week 41.4%)<br />Bid to Cover Ratio: <strong>4.25</strong> (last week 4.53)<br />Investment Rate: <strong><span style="color:#009900;">0.152%</span></strong> (last week 0.213%)<br />High Rate: 0.150% (allotted at high: 92.33%)</li></ul>Tuesday June 15, 2010<br /><ul><li>4-week bill: $31 billion (same as last week)<br /><br />Primary Dealer: $16.21 billion (<strong><span style="color:#cc0000;">52.3%</span></strong>; last week 61.5%)<br />Direct Bidder: $3.34 billion (<strong><span style="color:#cc0000;">10.8%;</span></strong> last week 22.4%)<br />Indirect Bidder: $11.22 billion (<strong><span style="color:#009900;">36.2%</span></strong>; last week 15.3%)<br />Bid to Cover Ratio: <span style="color:#009900;">4.36</span> (last week 4.32)<br />Investment Rate: <strong><span style="color:#009900;">0.030%</span></strong> (last week 0.091%)<br />High Rate: 0.030% (allotted at high: 47.96%)<br /><br />In addition, SOMA* purchased <strong>$6.29 billion</strong> 4-week bill.</li></ul>Wednesday June 16, 2010<br /><ul><li>56-day CMB* under SFP*: $25 billion (same as last week)<br /><br />Primary Dealer: $18.41 billion (<span style="color:#009900;">73.6%</span>; last week 71.5%)<br />Direct Bidder: $3.65 billion (<span style="color:#009900;">14.6%</span>; last week 10.9%)<br />Indirect Bidder: $2.94 billion (<span style="color:#cc0000;">11.8%</span>; last week 17.5%)<br />Bid to Cover Ratio: <strong><span style="color:#cc0000;">4.11</span></strong> (last week 4.24)<br />Investment Rate: <span style="color:#009900;">0.091%</span> (last week 0.096%)<br />High Rate: 0.090% (allotted at high: 44.16%)</li></ul><strong>Total for the week: $110 billion</strong><br /><ul><li>Bills: $110 billion</li></ul><p><strong><span style="color:#990000;">Total for June 2010 so far: $451 billion</span></strong></p><ul><li>Bills: $381 billion</li><li>Notes and bonds: $70 billion </li></ul><p><strong><span style="color:#3366ff;">Additional purchase by SOMA in June 2010: $16.414 billion</span></strong></p><ul><li>Bills: $16.01 billion</li><li>Notes and bonds: $0.404 billion</li></ul>arevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.com0tag:blogger.com,1999:blog-4788617618437848249.post-32457052088171172062010-06-06T22:27:00.000-07:002010-06-10T21:48:29.876-07:00Treasury Auction Schedule for the Week of June 7, 2010 (Updated with Results)The US Treasury Department will auction the following Treasury securities for the week of June 7, 2010.<br /><br />Monday June 7, 2010<ul><li>13-week bill: $27 billion (same as last week)<br /><br />Primary Dealer: $12.69 billion<br />Indirect Bidder: $11.06 billion<br />Indirect Bidder Percentage:<span style="color: rgb(255, 0, 0);"> 41%</span> (last week 42.8%)<br /><span style="color: rgb(102, 102, 204);">Direct Bidder: $1.87 billion (6.92%; last week 16.9%)</span><br />Bid to Cover Ratio: <span style="font-weight: bold; color: rgb(0, 153, 0);">4.80</span> (last week 4.51)<br />Investment Rate: <span style="font-weight: bold; color: rgb(0, 153, 0);">0.132%</span> (last week 0.162%)<br />High Rate: 0.130% (allotted at high: 32.05%)<br /><br /></li><li>26-week bill: $27 billion (same as last week)<br /><br />Primary Dealer: $10.66 billion<br />Indirect Bidder: $11.18 billion<br />Indirect Bidder Percentage: <span style="font-weight: bold; color: rgb(0, 153, 0);">41.4%</span> (last week 28.3%)<br /><span style="color: rgb(102, 102, 204);">Direct Bidder: $3.96 billion (14.7%; last week 16.2%)</span><br />Bid to Cover Ratio: <span style="font-weight: bold; color: rgb(0, 153, 0);">4.53</span> (last week 4.01)<br />Investment Rate: <span style="font-weight: bold; color: rgb(0, 153, 0);">0.213%</span> (last week 0.223%)<br />High Rate: 0.210% (allotted at high: 30.61%)<br /></li></ul>Tuesday June 8, 2010<br /><ul><li>4-week bill: $31 billion (same as last week)<br /><br />Primary Dealer: $19.05 billion (<span style="font-weight: bold;">61.5%</span>)<br />Indirect Bidder: $4.75 billion<br />Indirect Bidder Percentage: <span style="font-weight: bold; color: rgb(255, 0, 0);">15.3%</span> (last week 39.4%)<br />Direct Bidder: $6.95 billion (22.4%; last week 16.1%)<br />Bid to Cover Ratio: <span style="color: rgb(255, 0, 0); font-weight: bold;">4.32</span> (last week 4.51)<br />Investment Rate: <span style="font-weight: bold; color: rgb(0, 153, 0);">0.091%</span> (last week 0.132%)<br />High Rate: 0.090% (allotted at high: 3.6%)<br /><br />In addition, SOMA* purchased $ 3.78 billion 4-week bill.<br /><br /></li><li>3-year note: $36 billion (<span style="color: rgb(0, 153, 0);">$2 billion less</span> than last month)<br /><br />Primary Dealer: $13.29 billion (36.9%)<br />Indirect Bidder: $16.78 billion<br />Indirect Bidder Percentage: <span style="font-weight: bold; color: rgb(255, 0, 0);">46.6%</span> (last month 50.4%)<br />Direct Bidder: $5.86 billion (16.3%; last month 16.4%)<br />Bid to Cover Ratio: <span style="color: rgb(255, 0, 0);">3.23</span> (last month 3.27)<br />Interest Rate: <span style="font-weight: bold; color: rgb(0, 153, 0);">1.125%</span> (last month 1.375%)<br />High Yield: 1.220% (allotted at high: 58.71%)<br /><br />In addition, SOMA purchased $208 million 3-year note.<br /></li></ul>Wednesday June 9, 2010<br /><ul><li><span style="font-weight: bold;">5-day CMB: $26 billion</span><br /><br />Primary Dealer: $22.44 billion<br />Indirect Bidder: $0.135 billion<br />Direct Bidder: $3.43 billion<br />Bid to Cover Ratio: 4.20<br />Investment Rate: 0.162% <span style="font-style: italic;">(higher than this week's 13-week bill at 0.132%)</span><br />High Rate: 0.160% (allotted at high: 17.38%)<br /><br /></li><li>56-day CMB* under SPF*: $25 billion<br /><br />Primary Dealer: $17.88 billion (71.5%)<br />Indirect Bidder: $4.38 billion<br />Indirect Bidder Percentage: <span style="font-weight: bold; color: rgb(255, 0, 0);">17.5%</span> (last week 35%)<br />Direct Bidder: $2.72 billion (10.9%; last week 8.04%)<br />Bid to Cover Ratio: <span style="font-weight: bold; color: rgb(255, 0, 0);">4.24</span> (last week 4.47)<br />Investment Rate: <span style="font-weight: bold; color: rgb(0, 153, 0);">0.096%</span> (last week 0.142%)<br />High Rate: 0.095% (allotted at high: 36.12%)<br /><br /></li><li>9-year 11-month note: $21 billion (1st reopening, original issue May 2010 $24 billion)<br /><br />Primary Dealer: $9.71 billion (46.2%)<br />Indirect Bidder: $8.41 billion<br />Indirect Bidder Percentage: 40.0% (original issue 41.6%)<br />Direct Bidder: $2.83 billion (13.5%; original issue 24.8%)<br />Bid to Cover Ratio: <span style="font-weight: bold; color: rgb(0, 153, 0);">3.24</span> (original issue 2.96)<br />Interest Rate: 3.500%<br />High Yield: <span style="font-weight: bold; color: rgb(0, 153, 0);">3.242%</span> (allotted at high 87.15%) (original issue high yield 3.548%)<br /><span style="font-size:85%;">(It is not usual to have High Yield lower than Interest Rate in Treasury notes and bonds.)</span><br /><br />In addition, SOMA purchased $121 million 9-year 11-month note.<br /></li></ul>Thursday June 10, 2010<br /><ul><li>29-year 11-month bond: $13 billion (1st reopening, original issue May 2010 $16 billion)<br /><br />Primary Dealer: $5.67 billion (43.6%)<br />Indirect Bidder: $4.67 billion<br />Indirect Bidder Percentage: <span style="font-weight: bold; color: rgb(0, 153, 0);">35.9%</span> (original issue 32.4%)<br />Direct Bidder: $2.63 billion (20.2%; original issue 21.8%)<br />Bid to Cover Ratio: <span style="font-weight: bold; color: rgb(0, 153, 0);">2.87</span> (original issue 2.60)<br />Interest Rate: 4.375%<br />High Yield: <span style="font-weight: bold; color: rgb(0, 153, 0);">4.182%</span> (allotted at high 84.84%) (original issue high yield 4.449%)<br /><span style="font-size:85%;">(It is not usual to have High Yield lower than Interest Rate in Treasury notes and bonds.)</span><br /><br />In addition, SOMA purchased $75 million 29-year 11-month bond.<br /><strong></strong></li></ul><strong>Total for the week: $206 billion</strong><br /><ul><li>Bills: $136 billion<br /></li><li>Notes and bonds: $70 billion </li></ul><strong><span style="color: rgb(153, 0, 0);">Total for June 2010 so far: $341 billion</span></strong><br /><ul><li>Bills: $271 billion</li><li>Notes and bonds: $70 billion<br /></li></ul><strong><span style="color: rgb(51, 102, 255);">Additional purchase by SOMA for June 2010 so far: $10.124 billion</span></strong><br /><ul><li>Bills: $9.72 billion</li><li>Notes and bonds: $0.404 billion<br /></li></ul>arevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.com0tag:blogger.com,1999:blog-4788617618437848249.post-36931584999694573662010-06-06T22:00:00.000-07:002010-06-06T22:27:09.783-07:00Treasury 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.<br /><br />Tuesday June 1, 2010 <ul><li>13-week bill: $27 billion (same as last week)<br /><br />Primary Dealer: $9.48 billion<br />Indirect Bidder: $11.56 billion<br />Indirect Bidder Percentage: <strong><span style="color:#009900;">42.8%</span></strong> (last week 21.4%)<br /><span style="color:#6666cc;">Direct Bidder: $4.55 billion (<strong>16.9%</strong>; last week 12.8%</span>)<br />Bid to Cover Ratio: <strong><span style="color:#009900;">4.51</span></strong> (last week 4.21)<br />Investment Rate: <span style="color:#009900;">0.162%</span> (last week 0.167%)<br />High Rate: 0.160% (allotted at high: 16.14%)<br /><br /></li><li>26-week bill: $27 billion (<strong><span style="color:#ff0000;">$1 billion more</span></strong> than last week)<br /><br />Primary Dealer: $13.96 billion<br />Indirect Bidder: $7.64 billion<br />Indirect Bidder Percentage: <strong><span style="color:#ff0000;">28.3%</span></strong> (last week 34.2%)<br /><span style="color:#6666cc;">Direct Bidder: 4.37 billion (<strong>16.2%</strong>; last week 12%)</span><br />Bid to Cover Ratio: <strong><span style="color:#ff0000;">4.01</span></strong> (last week 4.10)<br />Investment Rate: 0.223% (last week 0.223%)<br />High Rate: 0.220% (allotted at high: 73.80%)</li></ul>Wednesday, June 2, 2010<br /><ul><li>4-week bill: $31 billion (same as last week)<br /><br />Primary Dealer: $13.49 billion<br />Indirect Bidder: $12.22 billion<br />Indirect Bidder Percentage: <strong><span style="color:#009900;">39.4%</span></strong> (last week 8.5%)<br /><span style="color:#6666cc;">Direct Bidder: $5.00 billion (16.13%; last week 20.1%)<br /></span>Bid to Cover Ratio: <strong><span style="color:#009900;">4.51</span></strong> (last week 3.87)<br />Investment Rate: <strong><span style="color:#009900;">0.132%</span></strong> (last week 0.157%)<br />High Rate: 0.130% (allotted at high: 93.14%)<br /><br />In addition, SOMA* purchased $5.94 billion 4-week bill.<br /></li><li>56-day CMB* under SFP*: $25 billion<br /><br />Primary Dealer: $14.24 billion<br />Indirect Bidder: $8.75 billion<br />Indirect Bidder Percentage: <strong><span style="color:#009900;">35%</span></strong> (last week 14.1%)<br /><span style="color:#6666cc;">Direct Bidder: $2.01 billion (8.04%; last week 15.1%)<br /></span>Bid to Cover Ratio: <strong><span style="color:#009900;">4.47</span></strong> (last week 4.08)<br />Investment Rate: <strong><span style="color:#009900;">0.142%</span></strong> (last week 0.152%)<br />High Rate: 0.140% (allotted at high: 26.89%)<br /><br /></li><li>52-week bill: $25 billion (<strong><span style="color:#009900;">$1 billion less</span></strong> than last month)<br /><br />Primary Dealer: $6.85 billion<br />Indirect Bidder: $13.40 billion<br />Indirect Bidder Percentage: <strong><span style="color:#009900;">53.6%</span></strong> (last month 40.9%)<br /><span style="color:#6666cc;">Direct Bidder: $4.53 billion (<strong>18.12%</strong>; last month 15.9%)</span><br />Bid to Cover Ratio: <strong><span style="color:#009900;">4.59</span></strong> (last month 4.01)<br />Investment Rate: <strong><span style="color:#009900;">0.371%</span></strong> (last month 0.427%)<br />High Rate: 0.365% (allotted at high: 90.68%)</li></ul><strong>Total for the week: $135 billion</strong><br /><ul><li>Bills: $135billion</li></ul><p><strong><span style="color:#990000;">Total for June 2010 so far: $135 billion</span></strong></p><ul><li>Bills: $135 billion</li></ul><p><strong><span style="color:#3366ff;">Additional purchase by SOMA* for June 2010 so far: $5.94 billion</span></strong></p><ul><li>Bills: $5.94 billion</li></ul>arevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.com0tag:blogger.com,1999:blog-4788617618437848249.post-11206165687230380582010-05-31T17:29:00.000-07:002010-05-31T23:02:37.964-07:00May 2010 Treasury Auction<a href="http://2.bp.blogspot.com/_8hz7JYvMfTU/TARUhdVG1DI/AAAAAAAABPg/7dua-98ow4I/s1600/May10-Auction.JPG"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 130px; height: 320px;" src="http://2.bp.blogspot.com/_8hz7JYvMfTU/TARUhdVG1DI/AAAAAAAABPg/7dua-98ow4I/s320/May10-Auction.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5477595980574938162" /></a>arevamirpal::laprimaverahttp://www.blogger.com/profile/10637620330944911600noreply@blogger.com0