30-Year Treasury Bond Auction Result 11/10/2010

Amount auctioned: $16 billion, original issue.
Primary Dealer: $8.11 billion (50.7%)
Direct Bidder: $1.72 billion (10.8%)
Indirect Bidder: $6.13 billion (38.35%)
Bid to Cover Ratio: 2.31 (last month: 2.49; last original issue in August: 2.77)
Interest Rate: 4.250% (last original issue in August: 3.875%)
High Yield: 4.320% (allotted at high: 82.04%) (last month high yield: 3.852%)

Treasury Auction for the Week of July 6, 2010 (Updated with Results)

The US Treasury Department auctioned the following Treasury securities this week.

Tuesday July 6, 2010

• 13-week bill: $30 billion ($2 billion more than last week)
  
  Primary Dealer: $11.82 billion (39.4%; last week 46.3%)
  Direct Bidder: $2.44 billion (8.1%; last week 15%)
  Indirect Bidder: $14.38 billion (47.9%; last week 30.9%)
  Bid to Cover Ratio: 4.23 (last week 3.95)
  Investment Rate: 0.167% (last week 0.162%) *same as 4-week bill, 56-day CMB*
  High Rate: 0.165% (allotted at high: 51.92%)
  
  
• 26-week bill: $30 billion ($2 billion more than last week)
  
  Primary Dealer: $13.16 billion (43.9%; last week 32.1%)
  Direct Bidder: $4.40 billion (14.7%; last week 18.1%)
  Indirect Bidder: $11.16 billion (37.2%; last week 43.7%)
  Bid to Cover Ratio: 4.15 (last week 4.24)
  Investment Rate: 0.208% (last week 0.218%)
  High Rate: 0.205% (allotted at high: 73.41%)
  

Wednesday July 7, 2010

• 4-week bill: $36 billion (same as last week)
  
  Primary Dealer: $23.67 billion (65.8%; last week 64%)
  Direct Bidder: $5.09 billion (14.1%; last week 12.8%)
  Indirect Bidder: $6.98 billion (19.4%; last week 19.6%)
  Bid to Cover Ratio: 3.57 (last week 3.47)
  Investment Rate: 0.167% (last week 0.152%) *same as 13-week bill, 56-day CMB*
  High Rate: 0.165% (allotted at high: 88.94%)
  
  In addition, SOMA* purchased $3.78 billion 4-week bill.
  
  
• 56-day CMB* under SFP* for the Federal Reserve: $25 billion (same as last week)
  
  Primary Dealer: $13.64 billion (54.6%; last week 44.6%)
  Direct Bidder: $4.30 billion (17.2%; last week 11.1%)
  Indirect Bidder: $7.07 billion (28.3%; last week 44.3%)
  Bid to Cover Ratio: 4.40 (last week 4.50)
  Investment Rate: 0.167% (last week 0.183%) *same as 4-week bill, 13-week bill*
  High Rate: 0.165% (allotted at high: 24.41%)
  

Thursday July 8, 2010

• 10-year TIPS: $12 billion ($2 billion more than last original issue in January)
  
  Primary Dealer: $5.20 billion (43.3%; last original issue 52%)
  Direct Bidder: $0.50 billion (4%; last original issue 3%)
  Indirect Bidder: $6.15 billion (51.3%; last original issue 39.6%)
  Bid to Cover Ratio: 2.88 (last original issue 2.65)
  Interest Rate: 1.250% (last original issue 1.375%)
  High Yield: 1.295% (allotted at high: 43.46%)
  
  In addition, SOMA purchased $388 million 10-year TIPS.
  

Total for the week: $133 billion

• Bills: $121 billion
  
• Notes: $12 billion

Total for July 2010 so far: $133 billion

• Bills: $121 billion
• Notes: $12 billion

Additional purchase by SOMA for July 2010 so far: $4.168 billion

• Bills: $3.78 billion
  
• Notes: $388 million
  

Treasury Auctions from July 2009 to June 2010 (1-Year Anniversary Special)

(Click on the chart for sharper image.)

Observations:

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; the balance as of June 30 is $199,965 million).

In addition to the 56-day CMB, there has been a noticeable increase in short-term bill issuance since January.

• Weekly issuance of 4-week bill went from $10 billion in January to $36 billion in the last week of June;
• Weekly issuance of 13-week bill went from $23 billion in January to $28 billion in June; and
• Weekly issuance of 26-week bill went from $25 billion in January to $28 billion in June.

The dotted line on the chart indicates the total amount of short-term bills each month.

The issuance of notes and bonds declined in June to below $180 billion per month for the first time since July 2009. 12-month average is $193.15 billion per month.

This is despite the Treasury Secretary Tim Geithner's remarks last October that the Treasury plans to lengthen the average maturity of debt from 49 months to 72 months.

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.

Treasury Auction for the Week of June 28, 2010 (Updated with Results)

The US Treasury Department will auction the following Treasury securities this week.

Monday June 28, 2010

• 13-week bill: $28 billion ($1 billion more than last week)
  
  Primary Dealer: $12.95 billion (46.3%; last week 62.6%)
  Direct Bidder: $4.22 billion (15%; last week 15.1%)
  Indirect Bidder: $8.66 billion (30.9%; last week 16.3%)
  Bid to Cover Ratio: 3.95 (last week 3.91)
  Investment Rate: 0.162% (last week 0.117%)
  High Rate: 0.160% (allotted at high: 44.35%)
  
  
• 26-week bill: $28 billion ($1 billion more than last week)
  
  Primary Dealer: $8.98 billion (32.1%; last week 43.5%)
  Direct Bidder: $5.06 billion (18.1%; last week 11.3%)
  Indirect Bidder: $12.24 billion (43.7%; last week 39.7%)
  Bid to Cover Ratio: 4.24 (last week 4.12)
  Investment Rate: 0.218% (last week 0.173%)
  High Rate: 0.215% (allotted at high: 67.21%)

Tuesday June 29, 2010

• 4-week bill: $36 billion ($4 billion more than last week; the previous high was August 2009 at $35 billion)
  
  Primary Dealer: $23.05 billion (64%; last week 54.8%)
  Direct Bidder: $4.60 billion (12.8%; last week 22%)
  Indirect Bidder: $7.06 billion (19.6%; last week 22.3%)
  Bid to Cover Ratio: 3.47 (last week 3.70)
  Investment Rate: 0.152% (last week 0.086%)
  High Rate: 0.150% (allotted at high: 65.36%)
  
  In addition, SOMA* purchased $5.94 billion 4-week bill.
  

Wednesday June 30, 2010

• 56-day CMB* under SFP* for the Federal Reserve: $25 billion
  
  Primary Dealer: $11.14 billion (44.6%; last week 46%)
  Direct Bidder: $2.78 billion (11.1%; last week 19.7%)
  Indirect Bidder: $11.07 billion (44.3%; last week 34.3%)
  Bid to Cover Ratio: 4.50 (last week 4.33)
  Investment Rate: 0.183% (last week 0.122%)
  High Rate: 0.180% (allotted at high: 13.22%)
  

Total for the week: $117 billion

• Bills: $117 billion

Total for June 2010: $787 billion

• Bills: $609 billion
• Notes and Bonds: $178 billion

Additional purchase by SOMA for June 2010: $27.987 billion

• Bills: $24.37 billion
  
• Notes and Bonds: $3.617 billion

Treasury Auction Result for the Week of June 14, 2010

The US Treasury Department auctioned the following Treasury securities this week.

Monday June 14, 2010

• 13-week bill: $27 billion (same as last week)
  
  Primary Dealer: $15.22 billion (56.4%; last week 47%)
  Direct Bidder: $2.60 billion (9.6%; last week 6.9%)
  Indirect Bidder: $7.78 billion (28.8%; last week 41%)
  Bid to Cover Ratio: 4.93 (last week 4.80)
  Investment Rate: 0.066% (last week 0.132%)
  High Rate: 0.065% (allotted at high: 33.83%)


• 26-week bill: $27 billion (same as last week)
  
  Primary Dealer: $14.96 billion (55.4%; last week 39.5%)
  Direct Bidder: $2.77 billion (10.3%; last week 14.7%)
  Indirect Bidder: $7.98 billion (29.6%; last week 41.4%)
  Bid to Cover Ratio: 4.25 (last week 4.53)
  Investment Rate: 0.152% (last week 0.213%)
  High Rate: 0.150% (allotted at high: 92.33%)

Tuesday June 15, 2010

• 4-week bill: $31 billion (same as last week)
  
  Primary Dealer: $16.21 billion (52.3%; last week 61.5%)
  Direct Bidder: $3.34 billion (10.8%; last week 22.4%)
  Indirect Bidder: $11.22 billion (36.2%; last week 15.3%)
  Bid to Cover Ratio: 4.36 (last week 4.32)
  Investment Rate: 0.030% (last week 0.091%)
  High Rate: 0.030% (allotted at high: 47.96%)
  
  In addition, SOMA* purchased $6.29 billion 4-week bill.

Wednesday June 16, 2010

• 56-day CMB* under SFP*: $25 billion (same as last week)
  
  Primary Dealer: $18.41 billion (73.6%; last week 71.5%)
  Direct Bidder: $3.65 billion (14.6%; last week 10.9%)
  Indirect Bidder: $2.94 billion (11.8%; last week 17.5%)
  Bid to Cover Ratio: 4.11 (last week 4.24)
  Investment Rate: 0.091% (last week 0.096%)
  High Rate: 0.090% (allotted at high: 44.16%)

Total for the week: $110 billion

• Bills: $110 billion

Total for June 2010 so far: $451 billion

• Bills: $381 billion
• Notes and bonds: $70 billion

Additional purchase by SOMA in June 2010: $16.414 billion

• Bills: $16.01 billion
• Notes and bonds: $0.404 billion

Treasury Auction Result for the Week of May 17, 2010

The US Treasury Department auctioned the following Treasury securities this week.

Monday May 17, 2010

• 13-week bill: $26 billion (same as last week)
  
  Primary Dealer: $11.22 billion
  Indirect Bidder: $9.56 billion
  Indirect Bidder Percentage: 36.8% (last week 34.1%)
  Direct Bidder: $3.74 billion (14.4%; last week 10.1%)
  Bid to Cover Ratio: 4.33 (last week 4.44)
  Investment Rate: 0.162% (last week 0.157%)
  High Rate: 0.160% (allotted at high: 96.72%)
  
  
• 26-week bill: $26 billion (same as last week)
  
  Primary Dealer: $13.86 billion
  Indirect Bidder: $7.55 billion
  Indirect Bidder Percentage: 29% (last week 44.5%)
  Direct Bidder: $3.27 billion (12.6%; last week 11.8%)
  Bid to Cover Ratio: 4.06 (last week 4.35)
  Investment Rate: 0.233% (last week 0.0.233%)
  High Rate: 0.230% (allotted at high: 0.82%)
  

Tuesday May 18, 2010

• 4-week bill: $31 billion (same as last week)
  
  Primary Dealer: $20.59 billion
  Indirect Bidder: $4.77 billion
  Indirect Bidder Percentage: 15.4% (last week 13.1%)
  Direct Bidder: $5.35 billion (17.3%; last week 22.5%)
  Bid to Cover Ratio: 3.72 (last week 4.22)
  Investment Rate: 0.172% (last week 0.152%)
  High Rate: 0.170% (allotted at high: 48.54%)
  
  SOMA purchased additional $6.29 billion 4-week bill.
  

Wednesday May 19, 2010

• 56-day CMB* under SFP* (to be used by the Federal Reserve): $25 billion
  
  Primary Dealer: $11.70 billion
  Indirect Bidder: $7.37 billion
  Indirect Bidder Percentage: 29.5% (last week 31%)
  Direct Bidder: $5.92 billion (23.7%; last week 19.7%)
  Bid to Cover Ratio: 4.73 (last week 4.64)
  Investment Rate: 0.162% (last week 0.152%)
  High Rate: 0.160% (allotted at high: 51.47%)
  

Total for the week: $108 billion

• Bills: $108 billion

Total for May 2010 so far: $417 billion

• Bills: $339 billion
• Notes and Bonds: $78 billion

Additional purchase by SOMA for May 2010 so far: $22.80 billion

• Bills: $16.01 billion
• Notes and Bonds: $6.79 billion

Treasury Auction Schedule for the Week of May 10, 2010 (Updated with Results)

The US Treasury Department auctions the following Treasury securities for the week of May 10, 2010.

Monday May 10, 2010

• 13-week bill: $26 billion ($2 billion more than last week)
  
  Primary Dealer: $13.04 billion
  Indirect Bidder: $8.86 billion
  Indirect Bidder Percentage: 34.1% (last week 25.3%)
  Direct Bidder: $2.63 billion (10.1%; last week 11%)
  Bid to Cover Ratio: 4.44 (last week 4.55)
  Investment Rate: 0.157% (last week 0.167%)
  High Rate: 0.155% (allotted at high 74.21%)
  
  
• 26-week bill: $26 billion ($1 billion more than last week)
  
  Primary Dealer: $9.99 billion
  Indirect Bidder: $11.57 billion
  Indirect Bidder Percentage:44.5% (last week 37.5%)
  Direct Bidder: $3.06 billion (11.8%; last week 12.4%)
  Bid to Cover Ratio: 4.35 (last week 4.32)
  Investment Rate: 0.233%(last week 0.249%)
  High Rate: 0.230% (allotted at high 18.25%)
  

Tuesday May 11, 2010

• 4-week bill: $31 billion ($8 billion more than last week, $16 billion more than 2 weeks ago)
  
  Primary Dealer: $19.73 billion
  Indirect Bidder: $4.05 billion
  Indirect Bidder Percentage: 13.1% (last week 15.9%)
  Direct Bidder: $6.97 billion (22.5%; last week 22.2%)
  Bid to Cover Ratio: 4.22 (last week 4.82)
  Investment Rate: 0.152% (last week 0.152%)
  High Rate: 0.150% (allotted at high: 8.27%)
  
  In addition, SOMA* purchased $3.78 billion 4-week bill.
  
  
• 3-year note: $38 billion ($2 billion less than last month)
  
  Primary Dealer: $12.36 billion
  Indirect Bidder: $19.17 billion
  Indirect Bidder Percentage: 50.4% (last month 52.2%)
  Direct Bidder: $6.25 billion (16.4%; last month 10.7%)
  Bid to Cover Ratio: 3.27 (last month 3.10)
  Interest Rate: 1.375% (last month 1.750%)
  High Yield: 1.414% (allotted at high 22.27%)
  
  In addition, SOMA purchased $3.31 billion 3-year note.
  

Wednesday May 12, 2010

• 56-day CMB* (under SFP* to be used solely by the Federal Reserve; the 12th straight week of issuing CMB under SFP; the SFP account balance at the Federal Reserve is slightly below $200 billion): $25 billion
  
  Primary Dealer: $12.31 billion
  Indirect Bidder: $7.77 billion
  Indirect Bidder Percentage: 31% (last week 5.4%)
  Direct Bidder: $4.92 billion (19.7%; last week 25.4%)
  Bid to Cover Ratio: 4.64 (last week 4.47)
  Investment Rate: 0.152% (last week 0.152%)
  High Rate: 0.150% (allotted at high 8.42%)
  
  
• 10-year note: $24 billion ($1 billion less than the last original issue in February 2010)
  
  Primary Dealer: $7.92 billion
  Indirect Bidder: $9.99 billion
  Indirect Bidder Percentage: 41.6% (last original issue 32.9%)
  Direct Bidder: $5.96 billion (24.8%; last original issue 12.9%)
  Bid to Cover Ratio: 2.96 (last original issue 2.67)
  Interest Rate: 3.500% (last original issue 3.625%)
  High Yield: 3.548% (allotted at high 94.55%)
  
  In addition, SOMA purchased $2.09 billion 10-year note.

Thursday May 13, 2010

• 30-year bond: $16 billion (same as the last original issue in February 2010)
  
  Primary Dealer: $7.29 billion
  Indirect Bidder: $5.19 billion
  Indirect Bidder Percentage: 32.4% (last original issue 28.5%)
  Direct Bidder: $3.49 billion (21.8%; last original issue 24.1%)
  Bid to Cover Ratio: 2.60 (last original issue 2.36)
  Interest Rate: 4.375% (last original issue 4.625%)
  High Yield: 4.490% (allotted at high 72.22%)
  
  In addition, SOMA purchased $1.39 billion 30-year bond.
  

Total for the week: $186 billion

• Bills: $108 billion
• Notes and bonds: $78 billion

Total for May 2010 so far: $309 billion

• Bills: $231 billion
• Notes and Bonds: $78 billion
  

Additional purchase by SOMA for May 2010: $16.51 billion

• Bills: $9.72 billion
• Notes and bonds: $6.79 billion
  

Treasury Auction Schedule for the Week of May 3, 2010 (Updated with Results)

The US Treasury Department will auction the following Treasury securities for the week of May 3, 2010.

Monday May 3, 2010

• 13-week bill: $24 billion (same as last week)
  
  Primary Dealer: $13.86 billion
  Indirect Bidder: $6.07 billion
  Indirect Bidder Percentage: 25.3% (last week 19%)
  Direct Bidder: $2.65 billion (11%; last week 17.5%)
  Bid to Cover Ratio: 4.55 (last week 4.69)
  Investment Rate: 0.167% (last week 0.152%)
  High Rate: 0.165% (allotted at high 66.06%)
  
  
• 26-week bill: $25 billion (same as last week)
  
  Primary Dealer: $11.14 billion
  Indirect Bidder: $9.38 billion
  Indirect Bidder Percentage: 37.5% (last week 27.5%)
  Direct Bidder: $3.09 billion (12.4%; last week 11.9%)
  Bid to Cover Ratio: 4.32 (last week 4.66)
  Investment Rate: 0.249% (last week 0.244%)
  High Rate: 0.245% (allotted at high 18.25%)
  

Tuesday May 4, 2010

• 4-week bill: $23 billion ($8 billion more than last week)
  
  Primary Dealer: $13.96 billion
  Indirect Bidder: $3.66 billion
  Indirect Bidder Percentage: 15.9% (last week 21.9%)
  Direct Bidder: $5.11 billion (22.2%; last week 22.3%)
  Bid to Cover Ratio: 4.82 (last week 5.47)
  Investment Rate: 0.152% (last week 0.132%)
  High Rate: 0.150% (allotted at high: 0.87%)
  
  In addition, SOMA purchased $5.94 billion 4-week bill.
  
• 52-week bill: $26 billion (same as last month)
  
  Primary Dealer: $11.03 billion
  Indirect Bidder: $10.64 billion
  Indirect Bidder Percentage: 40.9% (last month 40.7%)
  Direct Bidder: $4.13 billion (15.9%; last month 15.7%)
  Bid to Cover Ratio: 4.01 (last month 3.66)
  Investment Rate: 0.427% (last month 0.494%)
  High Rate: 0.420% (allotted at high 65.39%)

Wednesday May 5, 2010

• 56-day CMB* (under SFP* to be used solely by the Federal Reserve; the 11th straight week of issuing CMB under SFP; the SFP account balance at the Federal Reserve is slightly below $200 billion): $25 billion
  
  Primary Dealer: $17.28 billion
  Indirect Bidder: $1.35 billion
  Indirect Bidder Percentage: 5.4% (last week 13.2%)
  Direct Bidder: $6.36 billion (25.4%; last week 16.8%)
  Bid to Cover Ratio: 4.47 (last week 4.18)
  Investment Rate: 0.152% (last week 0.157%)
  High Rate: 0.150% (allotted at high 10.19%)

Total for the week: $123 billion

• Bills: $123 billion

Total for May 2010 so far: $123 billion

• Bills: $123 billion

Additional purchase by SOMA for May 2010: $5.94 billion

• Bills: $5.94 billion
  

Treasury Auction Schedule for the Week of April 19, 2010 (Updated with Results)

The US Treasury Department will auction the following Treasury securities this week.

Monday April 19, 2010

• 13-week bill: $25 billion (drop of $1 billion from last week)
  
  Primary Dealer: $13.19 billion
  Indirect Bidder: $7.03 billion
  Indirect Bidder Percentage: 28.1% (last week 29.2%)
  Direct Bidder: $3.23 billion (12.9%; last week 10.9%)
  Bid to Cover Ratio: 4.66 (last week 4.52)
  Investment Rate: 0.147% (last week 0.157%)
  High Rate: 0.145% (allotted at high: 59.11%)
  
  
• 26-week bill: $25 billion (drop of 2 billion from last week)
  
  Primary Dealer: $14.06 billion
  Indirect Bidder: $6.88 billion
  Indirect Bidder Percentage: 27.5% (last week 44.7%)
  Direct Bidder: $2.68 billion (10.7%; last week 14.9%)
  Bid to Cover Ratio: 4.38 (last week 4.40)
  Investment Rate: 0.223% (last week 0.244%)
  High Rate: 0.220% (allotted at high: 76.29%)
  

Tuesday April 20, 2010

• 4-week bill: $18 billion (drop of $8 billion from last week)
  
  Primary Dealer: $10.98 billion
  Indirect Bidder: $2.76 billion
  Indirect Bidder Percentage: 15.3% (last week 22%)
  Direct Bidder: $4.00 billion (22.2%; last week 17.1%)
  Bid to Cover Ratio: 5.01 (last week 4.35)
  Investment Rate: 0.142% (last week 0.147%)
  High Rate: 0.140% (allotted at high: 14.55%)
  
  In addition, SOMA* purchased $6.29 billion 4-week bill.
  

Wednesday April 21, 2010

• 56-day CMB*: $25 billion (under SFP* to be used solely by the Federal Reserve; 9th straight week of issuing CMB under SFP)
  
  Primary Dealer: $17.26 billion
  Indirect Bidder: $4.45 billion
  Indirect Bidder Percentage: 17.8% (last week 24.3%)
  Direct Bidder: $3.30 billion (13.2%; last week 19.5%)
  Bid to Cover Ratio: 4.31 (last week 4.60)
  Investment Rate: 0.152% (last week 0.152%)
  High Rate: 0.150% (allotted at high: 16.48%)
  

Total for the week: $93 billion

• Bills: $93 billion

Total for April 2010 so far: $434 billion

• Bills: $360 billion
• Notes and bonds: $74 billion

Additional Purchase by SOMA for April 2010 so far: $21.432 billion

• Bills: $16.01 billion
• Notes and bonds: $5.422 billion

Treasury Auction Schedule and Result for the Week of April 5, 2010 (Updated with Results)

The US Treasury Department will auction the following Treasury securities this week.

Monday April 5, 2010

• 13-week bill: $28 billion (same as last week)
  
  Primary Dealer: $13.91 billion
  Indirect Bidder: $9.74 billion
  Indirect Bidder Percentage: 34.8% (last week 48.2%)
  Direct Bidder: $3.06 billion (10.9%; last week $2.10 billion)
  Bid to Cover Ratio: 3.60 (last week 4.16)
  Investment Rate: 0.178% (last week 0.147%)
  High Rate: 0.175% (allotted at high: 30.70%)
  
  
• 26-week bill: $29 billion (same as last week)
  
  Primary Dealer: $9.91 billion
  Indirect Bidder: $12.56 billion
  Indirect Bidder Percentage: 43.3% (last week 51.3%)
  Direct Bidder: $5.36 billion (18.5%; last week $2.12 billion)
  Bid to Cover Ratio: 3.63 (last week 3.90)
  Investment Rate: 0.269% (last week 0.244%)
  High Rate: 0.265% (allotted at high: 39.79%)

Tuesday April 6, 2010

• 4-week bill: $34 billion ($3 billion more than last week)
  
  Primary Dealer: $18.76 billion
  Indirect Bidder: $9.36 billion
  Indirect Bidder Percentage: 27.5% (last week 26.4%)
  Direct Bidder: $5.60 billion (16.5%; last week $5.36 billion)
  Bid to Cover Ratio: 3.56 (last week 3.58)
  Investment Rate: 0.162% (last week 0.152%)
  High Rate: 0.160% (allotted at high: 76.03%)
  
  In addition, SOMA* purchased $5.94 billion 4-week bill.
  
  
• 52-week bill: $26 billion (same as last month)
  
  Primary Dealer: $11.10 billion
  Indirect Bidder: $10.57 billion
  Indirect Bidder Percentage: 40.7% (last month 43%)
  Direct Bidder: $4.13 billion (15.9%; last month $2.87 billion)
  Bid to Cover Ratio: 3.66 (last month 4.00)
  Investment Rate: 0.494% (last month 0.381%)
  High Rate: 0.485% (allotted at high: 1.56%)
  
  
• 3-year note: $40 billion (same as last month)
  
  Primary Dealer: $14.78 billion
  Indirect Bidder: $20.87 billion
  Indirect Bidder Percentage: 52.2% (last month 51.6%)
  Direct Bidder: $4.29 billion (10.7%; last month $4.12 billion)
  Bid to Cover Ratio: 3.10 (last month 3.13)
  Interest Rate: 1.750% (last month 1.375%)
  High Yield: 1.776% (allotted at high: 44.71%)

In addition, SOMA purchased $2.93 billion 3-year note.

Wednesday April 7,2010

• 56-day CMB under SFP* for the Federal Reserve: $25 billion
  
  Primary Dealer: $14.78 billion
  Indirect Bidder: $4.80 billion
  Indirect Bidder Percentage: 19.2% (last week 22.1%)
  Direct Bidder: $5.43 billion (21.7%; last week $3.34B)
  Bid to Cover Ratio: 3.85 (last week 3.61)
  Investment Rate: 0.167% (last week 0.162%)
  High Rate: 0.165% (allotted at high: 43.62%; last week high rate 0.160%)
  
  
• 9-year 10-month note (reopening): $21 billion (same as last reopening; total after auction $67 billion)
  
  Primary Dealer: $8.48 billion
  Indirect Bidder: $9.01 billion
  Indirect Bidder Percentage: 42.9% (last month 34.9%; original issue 32.9%)
  Direct Bidder: $3.41 billion (16.2%; last month $3.65B; original issue $3.22B)
  Bid to Cover Ratio: 3.72 (last month 3.45; original issue 2.67)
  Interest Rate: 3.625%
  High Yield: 3.900% (allotted at high: 99.62%) (last month high yield 3.735%; original issue high yield 3.692%)
  
  In addition, SOMA purchased $1.54 billion 9-year 10-month note.

Thursday April 8, 2010

• 29-year 10-month bond (reopening): $13 billion (same as last reopening; total after auction $42 billion)
  
  Primary Dealer: $4.89 billion
  Indirect Bidder: $4.78 billion
  Indirect Bidder Percentage: 36.8% (1st reopening 23.8%; original issue 28.5%)
  Direct Bidder: $3.31 billion (25.5%; 1st reopening 29.6%; original issue 24.1%)
  Bid to Cover Ratio: 2.73 (1st reopening 2.89; original issue 2.36)
  Interest Rate: 4.625%
  High Yield: 4.770% (allotted at high: 30.96%) (high yield 1st reopening 4.679%; original issue 4.720%)
  
  In addition, SOMA purchased $952 million 29-year 10-month bond.
  

Total for the week: $216 billion

• Bills: $142 billion
  Notes and bonds: $74 billion

Total for April 2010 so far: $237 billion

• Bills: $163 billion
• Notes and bonds: $74 billion

Additional purchase by SOMA in April so far: $11.362 billion

• Bills: $5.94 billion
• Notes and bonds: $5.422 billion
  

Treasury Auction Result for the Week of March 29, 2010

The U.S. Treasury Department auctioned the following Treasury securities for the week of March 29, 2010.

Monday March 29, 2010

• 13-week bill: $28 billion (same as last week)
  
  Primary Dealer: $10.30 billion
  Indirect Bidder: $13.49 billion
  Indirect Bidder Percentage: 48.2% (last week 33.9%)
  Direct Bidder: $2.10 billion (7.5%; last week $1.93 billion)
  Bid to Cover Ratio: 4.16 (last week 4.27)
  Investment Rate: 0.147% (last week 0.157%; lower rate than 4-week bill)
  High Rate: 0.145% (allotted at high: 91.75%)
  
  
• 26-week bill: $29 billion (same as last week)
  
  Primary Dealer: $10.08 billion
  Indirect Bidder: $14.87 billion
  Indirect Bidder Percentage: 51.3% (last week 44.8%)
  Direct Bidder: $2.12 billion (7.3%; last week $2.67 billion)
  Bid to Cover Ratio: 3.90 (last week 4.20)
  Investment Rate: 0.244% (last week 0.244%)
  High Rate: 0.240% (allotted at high: 41.89%)

Tuesday March 30, 2010

• 4-week bill: $31 billion (same as last week)
  
  Primary Dealer: $16.33 billion
  Indirect Bidder: $8.18 billion
  Indirect Bidder Percentage: 26.4% (last week 42.9%)
  Direct Bidder: $5.36 billion (17.3%; last week $3.39 billion)
  Bid to Cover Ratio: 3.58 (last week 4.29)
  Investment Rate: 0.152% (last week 0.106%)
  High Rate: 0.150% (allotted at high: 5.63%)

In addition, SOMA* purchased $2.42 billion 4-week bill.

• 18-day CMB* (under SFP* for the use by the Federal Reserve): $17 billion
  
  Primary Dealer: $12.64 billion
  Indirect Bidder: $2.57 billion
  Indirect Bidder Percentage: 15.1%
  Direct Bidder: $1.79 billion
  Bid to Cover Ratio: 4.27
  Investment Rate: 0.152% (cf. investment rate of 4-week bill: 0.152%)
  High Rate: 0.150% (allotted at high: 53.77%)

Wednesday March 31, 2010

• 56-day CMB* (under SFP* for the use by the Federal Reserve): $25 billion
  
  Primary Dealer: $16.12 billion
  Indirect Bidder: $5.53 billion
  Indirect Bidder Percentage: 22.1%
  Direct Bidder: $3.34 billion
  Bid to Cover Ratio: 3.61
  Investment Rate: 0.162%
  High Rate: 0.160% (allotted at high: 13.02%)

Total for the week: $130 billion

• Bills: $130 billion

Total for March 2010: $793 billion

• Bills: $601 billion
• Notes and bonds: $192 billion

Additional purchase by SOMA in March: $25.715 billion

• Bills: $20.85 billion
• Notes and bonds: $4.865 billion

Treasury Auction Result for the Week of March 22, 2010

The U.S. Treasury Department auctioned the following Treasury securities for the week of March 22, 2010.

Monday March 22, 2010

• 13-week bill: $28 billion ($1 billion more than last week)
  
  Primary Dealer: $14.69 billion
  Indirect Bidder: $9.49 billion
  Indirect Bidder Percentage: 33.9% (last week 27.1%)
  Direct Bidder: $1.93 billion (6.9%; last week $2.12 billion)
  Bid to Cover Ratio: 4.27 (last week 4.19)
  Investment Rate: 0.157% (last week 0.167%)
  High Rate: 0.155% (allotted at high: 64.37%)
  
  
• 26-week bill: $29 billion (same as last week)
  
  Primary Dealer: $11.57 billion
  Indirect Bidder: $12.99 billion
  Indirect Bidder Percentage: 44.8% (last week 36.2%)
  Direct Bidder: $2.67 billion (9.2%; last week $2.57 billion)
  Bid to Cover Ratio: 4.20 (last week 3.67)
  Investment Rate: 0.244% (last week 0.244%)
  High Rate: 0.240% (allotted at high: 19.98%)

Tuesday March 23, 2010

• 4-week bill: $31 billion (same as last week)
  
  Primary Dealer: $13.97 billion
  Indirect Bidder: $13.29 billion
  Indirect Bidder Percentage: 42.9% (last week 13.1%)
  Direct Bidder: $3.39 billion (10.9%; last week $6.67billion)
  Bid to Cover Ratio: 4.29 (last week 3.79)
  Investment Rate: 0.106% (last week 0.137%)
  High Rate: 0.105% (allotted at high: 88.57%)

In addition, SOMA* purchased $6.29 billion 4-week bill.

• 2-year note: $44 billion (same as last month)
  
  Primary Dealer: $22.37 billion
  Indirect Bidder: $15.14 billion
  Indirect Bidder Percentage: 34.4% (last month 53%)
  Direct Bidder: $6.01 billion (last month $3.57 billion)
  Bid to Cover Ratio: 3.00 (last month 3.33)
  Interest Rate: 1% (last month 0.875%)
  High Yield: 1.000% (allotted at high: 56.32%) (last month high yield: 0.895%)

In addition, SOMA purchased $1.49 billion 2-year note.

Wednesday March 24, 2010

• 56-day CMB* (under SFP* for the use by the Federal Reserve): $25 billion
  
  Primary Dealer: $18.66 billion
  Indirect Bidder: $3.16 billion
  Indirect Bidder Percentage: 27.8%
  Direct Bidder: $3.18 billion
  Bid to Cover Ratio: 4.40
  Investment Rate: 0.132%
  High Rate: 0.130% (allotted at high: 22.48%)
  
  
• 5-year note: $42 billion (same as last month)
  
  Primary Dealer: $20.75 billion
  Indirect Bidder: $16.60 billion
  Indirect Bidder Percentage: 39.5% (last month 40.2%)
  Direct Bidder: $4.50 billion (last month $5.37 billion)
  Bid to Cover Ratio: 2.55 (last month 2.75)
  Interest Rate: 2.5% (last month 2.375%)
  High Yield: 2.605% (allotted at high: 29.97%) (last month high yield 2.395%)

In addition, SOMA purchased $1.42 billion 5-year note.

Thursday March 25, 2010

• 7-year note: $32 billion (same as last month)
  
  Primary Dealer: $15.98 billion
  Indirect Bidder: $13.38 billion
  Indirect Bidder Percentage: 41.8% (last month 40.3%)
  Direct Bidder: $2.59 billion (last month $5.51 billion)
  Bid to Cover Ratio: 2.61 (last month 2.98)
  Interest Rate: 3.250% (last month 3%)
  High Yield: 3.374% (allotted at high: 83.04%) (last month high yield 3.078%)

In addition, SOMA purchased $1.08 billion 7-year note.

Total for the week: $231 billion

• Bills: $113 billion
• Notes: $118 billion

Total for March 2010 so far: $663 billion

• Bills: $471 billion
• Notes and bonds: $192 billion

Additional purchase by SOMA in March so far: $23.295 billion

• Bills: $18.43 billion
• Notes and bonds: $4.865 billion

Treasury Auction Result for the Week of March 15, 2010

The U.S. Treasury Department auctioned the following Treasury securities for the week of March 15, 2010.

Monday March 15, 2010

• 13-week bill: $27 billion ($1 billion more than last week)
  
  Primary Dealer: $16.31 billion
  Indirect Bidder: $7.32 billion
  Indirect Bidder Percentage: 27.1% (last week 39.7%)
  Direct Bidder: $2.12 billion (7.9%; last week $2.01 billion)
  Bid to Cover Ratio: 4.19 (last week 4.27)
  Investment Rate: 0.167% (last week 0.152%)
  High Rate: 0.165% (allotted at high: 35.83%)
  
  
• 26-week bill: $29 billion ($1 billion more than last week)
  
  Primary Dealer: $14.48 billion
  Indirect Bidder: $10.51 billion
  Indirect Bidder Percentage: 36.2% (last week 33%)
  Direct Bidder: $2.57 billion (8.9%; last week $2.25 billion)
  Bid to Cover Ratio: 3.67 (last week 3.81)
  Investment Rate: 0.244% (last week 0.208%)
  High Rate: 0.240% (allotted at high: 75.52%)

Tuesday March 16, 2010

• 4-week bill: $31 billion (same as last week)
  
  Primary Dealer: $20.05 billion
  Indirect Bidder: $4.06 billion
  Indirect Bidder Percentage: 13.1% (last week 21.5%)
  Direct Bidder: $6.67 billion (21.5%; last week $3.79 billion)
  Bid to Cover Ratio: 3.79 (last week 3.90)
  Investment Rate: 0.137% (last week 0.112%)
  High Rate: 0.135% (allotted at high: 31.73%)

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

Wednesday March 17, 2010

• 56-day CMB* (under SFP* for the use by the Federal Reserve): $25 billion
  
  Primary Dealer: $14.23 billion
  Indirect Bidder: $6.95 billion
  Indirect Bidder Percentage: 27.8%
  Direct Bidder: $3.82 billion
  Bid to Cover Ratio: 4.71
  Investment Rate: 0.147%
  High Rate: 0.145% (allotted at high: 14.55%)

Total for the week: $112 billion

• Bills: $112 billion

Total for March 2010 so far: $432 billion

• Bills: $358 billion
• Notes and bonds: $74 billion

Additional purchase by SOMA in March so far: $13.015 billion

• Bills: $12.14 billion
• Notes and bonds: $875 million

Treasury Auction Result for the Week of March 8, 2010

The U.S. Treasury Department auctioned the following Treasury securities for the week of March 8, 2010.

Monday March 8, 2010

• 13-week bill: $26 billion (same as last week)
  
  Primary Dealer: $12.30 billion
  Indirect Bidder: $10.33 billion
  Indirect Bidder Percentage: 39.7% (last week 35.6%)
  Direct Bidder: $2.01 billion (7.7%; last week $3.47 billion)
  Bid to Cover Ratio: 4.27 (last week 4.42)
  Investment Rate: 0.152% (last week 0.127%)
  High Rate: 0.150% (allotted at high: 66.02%)
  
  
• 26-week bill: $28 billion (same as last week)
  
  Primary Dealer: $15.17 billion
  Indirect Bidder: $9.25 billion
  Indirect Bidder Percentage: 33% (last week 36.1%)
  Direct Bidder: $2.25 billion (8%; last week $3.71 billion)
  Bid to Cover Ratio: 3.81 (last week 4.44)
  Investment Rate: 0.208% (last week 0.188%)
  High Rate: 0.205 (allotted at high: 33.00%)

Tuesday March 9, 2010

• 4-week bill: $31 billion (same as last week)
  
  Primary Dealer: $20.22 billion
  Indirect Bidder: $6.68 billion
  Indirect Bidder Percentage: 21.5% (last week 17.7%)
  Direct Bidder: $3.79 billion (12.2%; last week $2.70 billion)
  Bid to Cover Ratio: 3.90 (last week 4.34)
  Investment Rate: 0.112% (last week 0.081%)
  High Rate: 0.110% (allotted at high: 75.56%)

In addition, SOMA* purchased $5.94 billion 4-week bill.

• 52-week bill: $26 billion (same as last month)
  
  Primary Dealer: $11.80 billion
  Indirect Bidder: $11.17 billion
  Indirect Bidder Percentage: 43% (last month 39.5%)
  Direct Bidder: $2.87 billion (11%; last month $4.14 billion)
  Bid to Cover Ratio: 4.00 (last month 3.65)
  Investment Rate: 0.381% (last month 0.325%)
  High Rate: 0.375% (allotted at high: 65.65%)
  
• 3-year note: $40 billion (same as last month)
  
  Primary Dealer: $15.06 billion
  Indirect Bidder: $20.65 billion
  Indirect Bidder Percentage: 51.6% (last month 50.9%)
  Direct Bidder: $4.12 billion (10.3%; last month $4.01 billion)
  Bid to Cover Ratio: 3.13 (last month 2.83)
  Interest Rate: 1.375% (same as last month)
  High Yield: 1.437% (allotted at high: 15.66%; last month high yield: 1.377%)

In addition, SOMA* purchased $473 million 3-year note.

Wednesday March 10, 2010

• 56-day CMB* (for the use of the Federal Reserve under SFP*): $25 billion
  
  Primary Dealer: $19.33 billion
  Indirect Bidder: $3.08 billion
  Indirect Bidder Percentage: 18.2%
  Direct Bidder: $2.59 billion
  Bid to Cover Ratio: 4.54
  Investment Rate: 0.147% (last week: 0.127%)
  High Rate: 0.145% (allotted at high: 26.09%)
  
• 9-year 11-month note (reopening): $21 billion (last month original issue $25 billion)
  
  Primary Dealer: $9.86 billion
  Indirect Bidder: $7.32 billion
  Indirect Bidder Percentage: 34.9% (last month 32.9%)
  Direct Bidder: $3.65 billion (17.4%; last month $3.22 billion)
  Bid to Cover Ratio: 3.45 (last month 2.67)
  Interest Rate: 3.625%
  High Yield: 3.735% (allotted at high: 70.94%; last month high yield: 3.692%)

In addition, SOMA* purchased $248 million 9-year 11-month note.

Thursday March 11, 2010

• 29-year 11-month bond (reopening): $13 billion (last month original issue $16 billion)
  
  Primary Dealer: $6.03 billion
  Indirect Bidder: $3.10 billion
  Indirect Bidder Percentage: 23.8% (last month 28.5%)
  Direct Bidder: $3.85 billion (29.6%; last month $3.85 billion)
  Bid to Cover Ratio: 2.89 (last month 2.36)
  Interest Rate: 4.625%
  High Yield: 4.679% (allotted at high: 82.80%; last month high yield: 4.720%)

In addition, SOMA* purchased $154 million 29-year 11-month bond.

Total for the week: $210 billion

• Bills: $136 billion
• Notes and bonds: $74 billion

Total for March 2010 so far: $320 billion

• Bills: $246 billion
• Notes and bonds: $74 billion

Additional purchase by SOMA in March so far: $9.235 billion

• Bills: $8.36 billion
• Notes and bonds: $875 million

Treasury Auction Result for March 1, 2, 3, 2010

The U.S. Treasury Department auctioned the following Treasury securities this week.

Monday March 1, 2010

• 13-week bill: $26 billion (same as last week)
  
  Primary Dealer: $11.67 billion
  Indirect Bidder: $9.25 billion
  Indirect Bidder Percentage: 35.6% (last week 30.3%)
  Direct Bidder: $3.47 billion (13.3%; last week $4.65 billion)
  Bid to Cover Ratio: 4.42 (last week 4.04)
  Investment Rate: 0.127% (last week 0.100%)
  High Rate: 0.125% (allotted at high: 92.53%)
  
• 26-week bill: $28 billion (same as last week)
  
  Primary Dealer: $12.79 billion
  Indirect Bidder: $10.10 billion
  Indirect Bidder Percentage: 36.1% (last week 38.2%)
  Direct Bidder: $3.71 billion (13.3%; last week $4.47 billion)
  Bid to Cover Ratio: 4.44 (last week 4.29)
  Investment Rate: 0.188% (last week 0.193%)
  High Rate: 0.185 (allotted at high: 99.91%)

Tuesday March 2, 2010

• 4-week bill: $31 billion (same as last week)
  
  Primary Dealer: $22.57 billion
  Indirect Bidder: $5.49 billion
  Indirect Bidder Percentage: 17.7% (last week 19.2%)
  Direct Bidder: $2.70 billion (%; last week $2.91 billion)
  Bid to Cover Ratio: 4.34 (last week 3.82)
  Investment Rate: 0.081% (last week 0.056%)
  High Rate: 0.081% (allotted at high: 76.46%)

In addition, SOMA* purchased $2.42 billion 4-week bill.

Wednesday March 3, 2010

• 56-day CMB* (for the use of the Federal Reserve under SFP*): $25 billion
  
  Primary Dealer: $18.38 billion
  Indirect Bidder: $4.56 billion
  Indirect Bidder Percentage: 18.2%
  Direct Bidder: $2.05 billion (%)
  Bid to Cover Ratio: 4.29
  Investment Rate: 0.127% (cf. 13-week bill rate: 0.127%)
  High Rate: 0.125% (allotted at high: 54.22%)

Total for the week: $110 billion

• Bills: $110 billion

Total for March 2010 so far: $110 billion

• Bills: $110 billion

Additional purchase by SOMA in March: $2.42 billion

• Bills: $2.42 billion

Treasury Auction Result for 2/25/2010

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

• 7-year note: $32 billion (same as last month)
  
  Primary Dealer: $13.57 billion
  Indirect Bidder: $12.89 billion
  Indirect Bidder Percentage: 40.3% (last month 51%)
  Direct Bidder: $5.51 billion (17.2%; last month $3.78 billion)
  Bid to Cover Ratio: 2.98 (last month 2.85)
  Interest Rate: 3% (last month 3.125%)
  High Yield: 3.078% (allotted at high: 9.60%) (last month high yield 3.128%)

In addition, SOMA* purchased $786 million 7-year note.

Total for the week: $236 billion

• Bills: $110 billion
• Notes and bonds: $126 billion

Total for February 2010: $569 billion

• Bills: $362 billion
• Notes and bonds: $207 billion

Additional purchase by SOMA in February: $19.996 billion

• Bills: $12.49 billion
• Notes and bonds: $7.506 billion

Treasury Auction Result for 2/24/2010

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

• 56-day CMB*: $25 billion (for use by the Federal Reserve under SFP*)
  
  Primary Dealer: $20 billion
  Indirect Bidder: $2.21 billion
  Indirect Bidder Percentage: 8.8%
  Direct Bidder: $2.79 billion
  Bid to Cover Ratio: 3.93
  Investment Rate: 0.101% (cf. 13-week (91 day) bill investment rate: 0.101%)
  High Rate: 0.100% (allotted at high: 55.04%)

• 5-year note: $42 billion (same as last month)
  
  Primary Dealer: $19.58 billion
  Indirect Bidder: $16.87 billion
  Indirect Bidder Percentage: 40.2% (last month 52.8%)
  Direct Bidder: $5.37 billion (last month $3.12 billion)
  Bid to Cover Ratio: 2.75 (last month 2.80)
  Interest Rate: 2.375% (last month 2.250%)
  High Yield: 2.395% (allotted at high: 32.83%) (last month high yield 2.370%)

In addition, SOMA purchased $1.03 billion 5-year note.

Total for the week: $204 billion

• Bills: $110 billion
• Notes and bonds: $94 billion

Total for February 2010 so far: $537 billion

• Bills: $362 billion
• Notes and bonds: $175 billion

Additional purchase by SOMA in February so far: $19.21 billion

• Bills: $12.49 billion
• Notes and bonds: $6.72 billion

Treasury Auction Result for 2/23/2010

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

• 4-week bill: $31 billion (down $1 billion from last week)
  
  Primary Dealer: $21.21 billion
  Indirect Bidder: $5.96 billion
  Indirect Bidder Percentage: 19.2% (last week 27.6%)
  Direct Bidder: $2.91 billion (last week $3.54 billion)
  Bid to Cover Ratio: 3.82 (last week 3.97)
  Investment Rate: 0.056% (last week 0.061%)
  High Rate: 0.055% (allotted at high: 27.75%)

In addition, SOMA* purchased $6.29 billion 4-week note.

• 2-year note: $44 billion (same as last month)
  
  Primary Dealer: $16.65 billion
  Indirect Bidder: $23.33 billion
  Indirect Bidder Percentage: 53% (last month 42.6%)
  Direct Bidder: $3.57 billion (last month $4.69 billion)
  Bid to Cover Ratio: 3.33 (last month 3.13)
  Interest Rate: 0.875% (last month 0.875%)
  High Yield: 0.895% (allotted at high: 66.57%) (last month high yield 0.880%)

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

Total for the week: $137 billion

• Bills: $85 billion
• Notes and bonds: $52 billion

Total for February 2010 so far: $470 billion

• Bills: $337 billion
• Notes and bonds: $133 billion

Additional purchase by SOMA in February so far: $18.18 billion

• Bills: $12.49 billion
• Notes and bonds: $5.69 billion

Treasury Auction Result for 2/22/2010

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

• 13-week bill: $26 billion (up $1 billion from last week)
  
  Primary Dealer: $11.38 billion
  Indirect Bidder: $7.87 billion
  Indirect Bidder Percentage: 30.3% (last week 34.8%)
  Direct Bidder: $4.65 billion (last week $2.17 billion)
  Bid to Cover Ratio: 4.04 (last week 4.05)
  Investment Rate: 0.101% (last week 0.101%)
  High Rate: 0.100% (allotted at high: 75.72%)
  
  
• 26-week bill: $28 billion (same as last week)
  
  Primary Dealer: $11.16 billion
  Indirect Bidder: $10.70 billion
  Indirect Bidder Percentage: 38.2% (last week 31.5%)
  Direct Bidder: $4.47 billion (last week $3.34 billion)
  Bid to Cover Ratio: 4.29 (last week 3.84)
  Investment Rate: 0.193% (last week 0.188%)
  High Rate: 0.190% (allotted at high: 42.84%)

• 30-year TIPS: $8 billion (1st issuance of 30-year TIPS since 2001 when Treasury issued 30-1/2 year TIPS; 1999 was the last year Treasury issued 30-year TIPS)
  
  Primary Dealer: $4.05 billion
  Indirect Bidder: $3.36 billion
  Indirect Bidder Percentage: 27.6%
  Direct Bidder: $0.505 billion
  Bid to Cover Ratio: 2.45 (last week 4.44)
  Interest Rate: 2.125% (last week 0.056%)
  High Yield: 2.229% (allotted at high: 66.57%)

Total for the week: $62 billion

• Bills: $54 billion
• Notes and bonds: $8 billion

Total for February 2010 so far: $395 billion

• Bills: $306 billion
• Notes and bonds: $89 billion

Additional purchase by SOMA in February so far: $10.81 billion

• Bills: $6.20 billion
• Notes and bonds: $4.61 billion

Treasury Auction Results for 2/16, 2/17/2010

The U.S. Treasury Department auctioned the following Treasury securities on February 16 and 17, 2010.

Tuesday February 16, 2010

• 13-week bill: $25 billion (up $1 billion from last week)
  
  Primary Dealer: $12.60 billion
  Indirect Bidder: $8.70 billion
  Indirect Bidder Percentage: 34.8% (last week 27.3%)
  Direct Bidder: $2.17 billion (last week $3.92 billion)
  Bid to Cover Ratio: 4.05 (last week 4.46)
  Investment Rate: 0.101% (last week 0.112%)
  High Rate: 0.100% (allotted at high: 48.39%)
  
  
• 26-week bill: $28 billion (up $1 billion from last week)
  
  Primary Dealer: $14.38 billion
  Indirect Bidder: $8.83 billion
  Indirect Bidder Percentage: 31.5% (last week 27.3%)
  Direct Bidder: $3.34 billion (last week $4.64 billion)
  Bid to Cover Ratio: 3.84 (last week 3.83)
  Investment Rate: 0.188% (last week 0.173%)
  High Rate: 0.185% (allotted at high: 20.42%)

Wednesday February 17, 2010

• 4-week bill: $32 billion (up $8 billion from last week)
  
  Primary Dealer: $19.43 billion
  Indirect Bidder: $8.82 billion
  Indirect Bidder Percentage: 27.6% (last week 35.3%)
  Direct Bidder: $3.54 billion (last week $2.96 billion)
  Bid to Cover Ratio: 3.97 (last week 4.44)
  Investment Rate: 0.061% (last week 0.056%)
  High Rate: 0.060% (allotted at high: 61.57%)

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

Total for the week: $85 billion

• Bills: $85 billion

Total for February 2010 so far: $333 billion

• Bills: $252 billion
• Notes and bonds: $81 billion

Additional purchase by SOMA in February so far: $10.81 billion

• Bills: $6.20 billion
• Notes and bonds: $4.61 billion