Treasury Auction Watch: weekly

Showing posts with label weekly. Show all posts

Sunday, August 22, 2010

Treasury Auction for the Week of August 23, 2010

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

Monday August 23, 2010

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

Tuesday August 24, 2010

4-week bill: TBA (last week $34 billion)
52-week bill: $25 billion (same as last month)
2-year note: $37 billion ($1 billion less than last month)

Wednesday August 25, 2010

56-day CMB* for SFP*: TBA (last week $25 billion)
5-year note: $36 billion ($1 billion less than last month)

Thursday August 26, 2010

7-year note: $29 billion (same as last month)

Total for the week: $187 billion

Bills: $85 billion (without 4-week bill and 56-day CMB)
Notes: $102 billion

Sunday, August 8, 2010

Treasury Auction for the Week of August 9, 2010 (Updated with Results)

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

Monday August 9, 2010

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

Tuesday August 10, 2010

4-week bill: TBA (last week $31 billion)
3-year note: $34 billion ($1 billion less than last month)

Wednesday August 11, 2010

56-day CMB* for SFP*: $25 billion (same as last week)

Primary Dealer: $15.08 billion (60.3%; last week 63.8%)
Direct Bidder: $4.73 billion (18.9%; last week 17.8%)
Indirect Bidder: $5.20 billion (20.8%; last week 18.3%)
Bid to Cover Ratio: 4.95 (last week 4.64)
Investment Rate: 0.137% (last week 0.162%)
High Rate: 0.135% (allotted at high: 80.85%)
10-year note: $24 billion (same as the last original issue in May 2010)

Primary Dealer: $10.38 billion (43.3%; last original issue 33%)
Direct Bidder: $2.53 billion (10.5%; last original issue 24.8%)
Indirect Bidder: $10.92 billion (45.5%; last original issue 41.6%)
Bid to Cover Ratio: 3.04 (last original issue 2.96)
Interest Rate: 2.625% (last original issue 3.500%)
High Yield: 2.730% (allotted at high: 10.57%)

In addition, SOMA purchased $1.44 billion 10-year note.

Thursday August 12, 2010

30-year bond: $16 billion (same as the last original issue in May 2010)

Total for the week: $134 billion

Bills: $60 billion (without 4-week bill and 56-day CMB)
Notes and bonds: $74 billion

Total for August 2010 so far: $116 billion

Bills: $116 billion

Sunday, July 25, 2010

Treasury Auction for the Week of July 26, 2010

The US Treasury Department will auction the following Treasury securities for the week of July 26, 2010.

The trend continues, of decreased amount raised via the auctions of notes (Treasury securities with maturities longer than one year).

Monday July 26, 2010

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

Tuesday July 27, 2010

4-week bill: TBA (last week $32 billion)
52-weel bill: $25 billion (same as last month)
2-year note: $38 billion ($2 billion less than last month)

Wednesday July 28, 2010

56-day CMB* under SFP*: TBA (last week $25 billion)
5-year note: $37 billion ($1 billion less than last month)

Thursday July 29, 2010

7-year note: $29 billion ($1 billion less than last month)

Total for the week: $189 billion (without 4-week bill and 56-day CMB)

Bills: $85 billion (without 4-week bill and 56-day CMB)
Notes: $104 billion

Total for July 2010 so far: $436 billion

Bills: $355 billion
Notes and bonds: $81 billion

Additional purchase by SOMA for July 2010 so far: $12.898 billion

Bills: $12.49 billion
Notes and bonds: $408 million

Wednesday, July 21, 2010

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

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

Monday July 19, 2010

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

Primary Dealer: $14.86 billion (49.5%; last week 48.2%)
Direct Bidder: $3.07 billion (10.2%; last week 8.9%)
Indirect Bidder: $10.63 billion (35.4%; last week 38.1%)
Bid to Cover Ratio: 4.29 (last week 4.64)
Investment Rate: 0.157% (last week 0.152%)
High Rate: 0.155% (allotted at high: 41.51%)
26-week bill: $30 billion (same as last week)

Primary Dealer: $11.38 billion (37.9%; last week 54.9%)
Direct Bidder: $3.85 billion (12.8%; last week 13.6%)
Indirect Bidder: $13.31 billion (44.4%; last week 27%)
Bid to Cover Ratio: 4.19 (last week 3.90)
Investment Rate: 0.198% (last week 0.203%)
High Rate: 0.195% (allotted at high: 2.78%)

Tuesday July 20, 2010

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

Primary Dealer: $17.05 billion (53.3%; last week 52.4%)
Direct Bidder: $3.68 billion (11.5%; last week 16.9%)
Indirect Bidder: $10.99 billion (34.3%; last week 29.4%)
Bid to Cover Ratio: 4.42 (last week 4.16)
Investment Rate: 0.157% (last week 0.152%)
High Rate: 0.155% (allotted at high: 0.87%)

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

Wednesday July 21, 2010

56-day CMB* for SFP*: $25 billion (same as last week)

Primary Dealer: $15.22 billion (60.9%; last week 71.5%)
Direct Bidder: $3.97 billion (15.9%; last week 11.9%)
Indirect Bidder: $5.81 billion (23.2%; last week 16.5%)
Bid to Cover Ratio: 4.63 (last week 4.61)
Investment Rate: 0.162% (last week 0.162%)
High Rate: 0.160% (allotted at high: 17.02%)

Total for the week: $117 billion

Bills: $117 billion

Total for July 2010 so far: $436 billion

Bills: $355 billion
Notes and bonds: $81 billion

Additional Purchase by SOMA for July 2010 so far: $12.898 billion

Bills: $12.49 billion
Notes and bonds: $408 million

Sunday, July 18, 2010

Treasury Auction for the Week of July 12, 2010 (Corrected) (UPDATED WITH RESULTS)

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

Monday July 12, 2010

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

Primary Dealer: $14.45 billion (48.2%; last week 39.4%)
Direct Bidder: $2.68 billion (8.9%; last week 8.1%)
Indirect Bidder: $11.42 billion (38.1%; last week 47.9%)
Bid to Cover Ratio: 4.64 (last week 4.23)
Investment Rate: 0.152% (last week 0.167%)
High Rate: 0.150% (allotted at high: 80.78%)
26-week bill: $30 billion (same as last week)

Primary Dealer: $16.46 billion (54.9%; last week 43.9%)
Direct Bidder: $4.07 billion (13.6%; last week 14.7%)
Indirect Bidder: $8.09 billion (27%; last week 37.2%)
Bid to Cover Ratio: 3.90 (last week 4.15)
Investment Rate: 0.203% (last week 0.208%)
High Rate: 0.200% (allotted at high: 36.10%)
3-year note: $35 billion ($1 billion less than last month)

Primary Dealer: $15.76 billion (45%; last month 36.9%)
Direct Bidder: $4.98 billion (14.2%; last month 16.3%)
Indirect Bidder: $14.20 billion (40.6%; last month 46.6%)
Bid to Cover Ratio: 3.20 (last month 3.23)
Interest Rate: 1% (last month 1.125%)
High Yield: 1.055% (allotted at high: 72.43%)

In addition, SOMA* purchased $10 million 3-year note.

Tuesday July 13, 2010

4-week bill: $32 billion ($4 billion less than last week)

Primary Dealer: $16.77 billion (52.4%; last week 65.8%)
Direct Bidder: $5.41 billion (16.9%; last week 14.1%)
Indirect Bidder: $9.40 billion (29.4%; last week 19.4%)
Bid to Cover Ratio: 4.16 (last week 3.57)
Investment Rate: 0.152% (last week 0.167%)
High Rate: 0.150% (allotted at high: 63.33%)

In addition, SOMA* purchased $6.29 billion 4-week bill.
9-year 10-month note (2nd reopening): $21 billion (same as 1st reopening in June)

Primary Dealer: $10.18 billion (48.5%; 1st reopening 46.2%)
Direct Bidder: $2.05 billion (9.8%; 1st reopening 13.5%)
Indirect Bidder: $8.73 billion (41.6%; 1st reopening 40.0%)
Bid to Cover Ratio: 3.09 (1st reopening 3.24; original issue 2.96)
Interest Rate: 3.500%
High Yield: 3.119% (allotted at high: 77.69%) (1st reopening high yield: 3.242%; original issue high yield: 3.548%)

In addition, SOMA* purchased $6 million 9-year 10-month note. (last month's purchase: $121 million)

Wednesday July 14, 2010

56-day CMB: $25 billion (same as last week)

Primary Dealer: $17.88 billion (71.5%; last week 54.6%)
Direct Bidder: $2.98 billion (11.9%; last week 17.2%)
Indirect Bidder: $4.13 billion (16.5%; last week 28.3%)
Bid to Cover Ratio: 4.61 (last week 4.40)
Investment Rate: 0.162% (last week 0.167%)
High Rate: 0.160% (allotted at high: 36.00%)
29-year 10-month bond (2nd reopening): $13 billion (same as 1st reopening in June)

Primary Dealer: $6.03 billion (46.4%; 1st reopening 43.6%)
Direct Bidder: $2.09 billion (16.1%; 1st reopening 20.2%)
Indirect Bidder: $4.86 billion (37.4%; 1st reopening 35.9%)
Bid to Cover Ratio: 2.89 (1st reopening 2.87; original issue 2.60)
Interest Rate: 4.375%
High Yield: 4.080% (allotted at high: 39.23%) (1st reopening 4.182%; original issue 4.449%)

In addition, SOMA* purchased $4 million 29-year 10-month bond. (1st reopening purchase: $75 million)

Total for the week: $186 billion

Bills: $117 billion
Notes and bonds: $69 billion

Total for July 2010 so far: $319 billion

Bills: $238 billion
Notes: $81 billion

Additional purchase by SOMA for July 2010 so far: $10.478 billion

Bills: $10.07 billion
Notes: $408 million

Thursday, July 8, 2010

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

Monday, June 28, 2010

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

Sunday, June 20, 2010

Treasury 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..)

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

Monday June 21, 2010

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

Primary Dealer: $16.90 billion (62.6%; last week 56.4%)
Direct Bidder: $4.09 billion (15.1%; last week 9.6%)
Indirect Bidder: $4.39 billion (16.3%; last week 28.8%)
Bid to Cover Ratio: 3.91 (last week 4.93)
Investment Rate: 0.117% (last week 0.066%)
High Rate: 0.115% (allotted at high: 96.56%)
26-week bill: $27 billion (same as last week)

Primary Dealer: $11.75 billion (43.5%; last week 55.4%)
Direct Bidder: $3.04 billion (11.3%; last week 10.3%)
Indirect Bidder: $10.73 billion (39.7%; last week 29.6%)
Bid to Cover Ratio: 4.12 (last week 4.25)
Investment Rate: 0.173% (last week 0.152%)
High Rate: 0.170% (allotted at high: 84.91%)

Tuesday June 22, 2010

4-week bill: $32 billion ($1 billion more than last week)

Primary Dealer: $17.54 billion (54.8%; last week 52.3%)
Direct Bidder: $7.05 billion (22%; last week 10.8%)
Indirect Bidder: $7.14 billion (22.3%; last week 36.2%)
Bid to Cover Ratio: 3.70 (last week 4.36)
Investment Rate: 0.086% (last week 0.030%)
High Rate: 0.085% (allotted at high: 58.75%)

In addition, SOMA* purchased $2.42 billion 4-week bill.
2-year note: $40 billion ($2 billion less than last month)

Primary Dealer: $14.85 billion (37.1%; last month 48%)
Direct Bidder: $8.43 billion (21.1%; last month 15%)
Indirect Bidder: $16.39 billion (41%; last month 35.8%)
Bid to Cover Ratio: 3.45 (last month 2.93)
Interest Rate: 0.625% (last month 0.750%)
High Yield: 0.738% (allotted at high: 70.18%)

In addition, SOMA purchased $1.19 billion 2-year note.

Wednesday June 23, 2010

56-day CMB* under SFP*: $25 billion (same as last week)

Primary Dealer: $11.50 billion (46%; last week 73.6%)
Direct Bidder: $4.93 billion (19.7%; last week 14.6%)
Indirect Bidder: $8.57 billion (34.3%; last week 11.8%)
Bid to Cover Ratio: 4.33 (last week 4.11)
Investment Rate: 0.122% (last week 0.091%)
High Rate: 0.120% (allotted at high: 30.06%)
5-year note: $38 billion ($2 billion less than last month)

Primary Dealer: $20.74 billion (54.6%; last month 44.3%)
Direct Bidder: $4.04 billion (10.6%; last month 15%)
Indirect Bidder: $13.09 billion (34.4%; last month 40.4%)
Bid to Cover Ratio: 2.58 (last month 2.71)
Interest Rate: 1.875% (last month 2.125%)
High Yield: 1.995% (allotted at high: 18.36%)

In addition, SOMA purchased $1.13 billion 5-year note.

Thursday June 24, 2010

7-year note: $30 billion ($1 billion less than last month)

Primary Dealer: $11.75 billion (39.2%; last month 37.5%)
Direct Bidder: $2.94 billion (9.8%; last month 11.4%)
Indirect Bidder: 15.29 billion (51%; last month 51.1%)
Bid to Cover Ratio: 3.01 (last month 2.88)
Interest Rate: 2.500% (last month 2.750%)
High Yield: 2.575% (allotted at high: 65.69%)

In addition, SOMA purchased $893 million 7-year note.

Total for the week: $219 billion

Bills: $111 billion
Notes: $108 billion

Total for June 2010 so far: $670 billion

Bills: $492 billion
Notes and bonds: $178 billion

Additional purchase by SOMA for June 2010 so far: $22.047 billion

Bills: $18.43 billion
Notes and bonds: $3.617 billion

Saturday, June 19, 2010

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

Sunday, June 6, 2010

Treasury 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.

Monday June 7, 2010

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

Primary Dealer: $12.69 billion
Indirect Bidder: $11.06 billion
Indirect Bidder Percentage: 41% (last week 42.8%)
Direct Bidder: $1.87 billion (6.92%; last week 16.9%)
Bid to Cover Ratio: 4.80 (last week 4.51)
Investment Rate: 0.132% (last week 0.162%)
High Rate: 0.130% (allotted at high: 32.05%)
26-week bill: $27 billion (same as last week)

Primary Dealer: $10.66 billion
Indirect Bidder: $11.18 billion
Indirect Bidder Percentage: 41.4% (last week 28.3%)
Direct Bidder: $3.96 billion (14.7%; last week 16.2%)
Bid to Cover Ratio: 4.53 (last week 4.01)
Investment Rate: 0.213% (last week 0.223%)
High Rate: 0.210% (allotted at high: 30.61%)

Tuesday June 8, 2010

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

Primary Dealer: $19.05 billion (61.5%)
Indirect Bidder: $4.75 billion
Indirect Bidder Percentage: 15.3% (last week 39.4%)
Direct Bidder: $6.95 billion (22.4%; last week 16.1%)
Bid to Cover Ratio: 4.32 (last week 4.51)
Investment Rate: 0.091% (last week 0.132%)
High Rate: 0.090% (allotted at high: 3.6%)

In addition, SOMA* purchased $ 3.78 billion 4-week bill.
3-year note: $36 billion ($2 billion less than last month)

Primary Dealer: $13.29 billion (36.9%)
Indirect Bidder: $16.78 billion
Indirect Bidder Percentage: 46.6% (last month 50.4%)
Direct Bidder: $5.86 billion (16.3%; last month 16.4%)
Bid to Cover Ratio: 3.23 (last month 3.27)
Interest Rate: 1.125% (last month 1.375%)
High Yield: 1.220% (allotted at high: 58.71%)

In addition, SOMA purchased $208 million 3-year note.

Wednesday June 9, 2010

5-day CMB: $26 billion

Primary Dealer: $22.44 billion
Indirect Bidder: $0.135 billion
Direct Bidder: $3.43 billion
Bid to Cover Ratio: 4.20
Investment Rate: 0.162% (higher than this week's 13-week bill at 0.132%)
High Rate: 0.160% (allotted at high: 17.38%)
56-day CMB* under SPF*: $25 billion

Primary Dealer: $17.88 billion (71.5%)
Indirect Bidder: $4.38 billion
Indirect Bidder Percentage: 17.5% (last week 35%)
Direct Bidder: $2.72 billion (10.9%; last week 8.04%)
Bid to Cover Ratio: 4.24 (last week 4.47)
Investment Rate: 0.096% (last week 0.142%)
High Rate: 0.095% (allotted at high: 36.12%)
9-year 11-month note: $21 billion (1st reopening, original issue May 2010 $24 billion)

Primary Dealer: $9.71 billion (46.2%)
Indirect Bidder: $8.41 billion
Indirect Bidder Percentage: 40.0% (original issue 41.6%)
Direct Bidder: $2.83 billion (13.5%; original issue 24.8%)
Bid to Cover Ratio: 3.24 (original issue 2.96)
Interest Rate: 3.500%
High Yield: 3.242% (allotted at high 87.15%) (original issue high yield 3.548%)
(It is not usual to have High Yield lower than Interest Rate in Treasury notes and bonds.)

In addition, SOMA purchased $121 million 9-year 11-month note.

Thursday June 10, 2010

29-year 11-month bond: $13 billion (1st reopening, original issue May 2010 $16 billion)

Primary Dealer: $5.67 billion (43.6%)
Indirect Bidder: $4.67 billion
Indirect Bidder Percentage: 35.9% (original issue 32.4%)
Direct Bidder: $2.63 billion (20.2%; original issue 21.8%)
Bid to Cover Ratio: 2.87 (original issue 2.60)
Interest Rate: 4.375%
High Yield: 4.182% (allotted at high 84.84%) (original issue high yield 4.449%)
(It is not usual to have High Yield lower than Interest Rate in Treasury notes and bonds.)

In addition, SOMA purchased $75 million 29-year 11-month bond.

Total for the week: $206 billion

Bills: $136 billion
Notes and bonds: $70 billion

Total for June 2010 so far: $341 billion

Bills: $271 billion
Notes and bonds: $70 billion

Additional purchase by SOMA for June 2010 so far: $10.124 billion

Bills: $9.72 billion
Notes and bonds: $0.404 billion

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

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

Tuesday June 1, 2010

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

Primary Dealer: $9.48 billion
Indirect Bidder: $11.56 billion
Indirect Bidder Percentage: 42.8% (last week 21.4%)
Direct Bidder: $4.55 billion (16.9%; last week 12.8%)
Bid to Cover Ratio: 4.51 (last week 4.21)
Investment Rate: 0.162% (last week 0.167%)
High Rate: 0.160% (allotted at high: 16.14%)
26-week bill: $27 billion ($1 billion more than last week)

Primary Dealer: $13.96 billion
Indirect Bidder: $7.64 billion
Indirect Bidder Percentage: 28.3% (last week 34.2%)
Direct Bidder: 4.37 billion (16.2%; last week 12%)
Bid to Cover Ratio: 4.01 (last week 4.10)
Investment Rate: 0.223% (last week 0.223%)
High Rate: 0.220% (allotted at high: 73.80%)

Wednesday, June 2, 2010

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

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

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

Primary Dealer: $14.24 billion
Indirect Bidder: $8.75 billion
Indirect Bidder Percentage: 35% (last week 14.1%)
Direct Bidder: $2.01 billion (8.04%; last week 15.1%)
Bid to Cover Ratio: 4.47 (last week 4.08)
Investment Rate: 0.142% (last week 0.152%)
High Rate: 0.140% (allotted at high: 26.89%)
52-week bill: $25 billion ($1 billion less than last month)

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

Total for the week: $135 billion

Bills: $135billion

Total for June 2010 so far: $135 billion

Bills: $135 billion

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

Bills: $5.94 billion

Sunday, May 23, 2010

Treasury Auction Schedule for the Week of May 24, 2010 (Updated with Results)

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

Monday May 24, 2010

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

Primary Dealer: $15.59 billion
Indirect Bidder: $5.79 billion
Indirect Bidder Percentage: 21.4% (last week 36.8%)
Direct Bidder: $3.45 billion (12.8%; last week 14.4%)
Bid to Cover Ratio: 4.21 (last week 4.33)
Investment Rate: 0.167% (last week 0.162%)
High Rate: 0.165% (allotted at high 21.94%)
26-week bill: $26 billion (same as last week)

Primary Dealer: $12.22 billion
Indirect Bidder: $8.88 billion
Indirect Bidder Percentage: 34.2% (last week 29%)
Direct Bidder: $3.11 billion (12%; last week 12.6%)
Bid to Cover Ratio: 4.10 (last week 4.06)
Investment Rate: 0.223% (last week 0.233%)
High Rate: 0.220% (allotted at high: 98.59%)

Tuesday May 25, 2010

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

Primary Dealer: $20.91 billion
Indirect Bidder: $2.62 billion
Indirect Bidder Percentage: 8.5% (last week 15.4%)
Direct Bidder: $6.22 billion (20.1%; last week 17.3%)
Bid to Cover Ratio: 3.87 (last week 3.72)
Investment Rate: 0.157% (last week 0.172%)
High Rate: 0.155% (allotted at high: 37.71%)

In addition, SOMA* purchased $2.42 billion 4-week bill.
2-year note: $42 billion ($2 billion less than last month)

Primary Dealer: $20.18 billion
Indirect Bidder: $15.04 billion
Indirect Bidder Percentage: 35.8% (last month 30.7%)
Direct Bidder: $6.30 billion (15%; last month 21.2%)
Bid to Cover Ratio: 2.93 (last month 3.03)
Interest Rate: 0.750% (last month 1%)
High Yield: 0.769% (allotted at high: 91.01%)

In addition, SOMA purchased $913 million 2-year note.

Wednesday May 26, 2010

56-day CMB* under SFP* for the Federal Reserve: $25 billion (same as last week)

Primary Dealer: $17.71 billion
Indirect Bidder: $3.52 billion
Indirect Bidder Percentage: 14.1% (last week 29.5%)
Direct Bidder: $3.77 billion (15.1%; last week 23.7%)
Bid to Cover Ratio: 4.08 (last week 4.73)
Investment Rate: 0.152% (last week 0.162%)
High Rate: 0.150% (allotted at high 74.88%)
5-year note: $40 billion ($2 billion less than last month)

Primary Dealer: 17.70 billion
Indirect Bidder: $16.17 billion
Indirect Bidder Percentage: 40.4% (last month 48.8%)
Direct Bidder: $5.99 billion (15%; last month 14.3%)
Bid to Cover Ratio: 2.71 (last month 2.75)
Interest Rate: 2.125% (last month 2.5% )
High Yield: 2.130% (allotted at high: 15.05%)

In addition, SOMA purchased $869 million 5-year note.

Thursday May 27, 2010

7-year note: $31 billion ($1 billion less than last month)

Primary Dealer: $11.62 billion
Indirect Bidder: $15.83 billion
Indirect Bidder Percentage: 51.1% (last month 59.4%)
Direct Bidder: $3.52 billion (11.4%; last month 12.2%)
Bid to Cover Ratio: 2.88 (last month 2.82)
Interest Rate: 2.750% (last month 3.125%)
High Yield: 2.815% (allotted at high: 87.74%)

In addition, SOMA purchased $674 million 7-year note.

Total for the week: $222 billion

Bills: $109 billion
Notes: $113 billion

Total for May 2010: $639 billion

Bills: $448 billion
Notes and Bonds: $191 billion

Additional purchase by SOMA for May 2010 so far: $27.676 billion

Bills: $18.43 billion
Notes and Bonds: $9.246 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

Thursday, May 13, 2010

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

Sunday, May 9, 2010

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

Thursday, April 29, 2010

Treasury Auction Schedule for the Week of April 26, 2010 (Updated with Results)

The US Treasury Department will auction the following Treasury securities for the week of April 26, 2010.

Monday April 26, 2010

13-week bill: $24 billion (drop of $1 billion from this week)

Primary Dealer: $13.04 billion
Indirect Bidder: $4.56 billion
Indirect Bidder Percentage: 19% (last week 28.1%)
Direct Bidder: $4.19 billion (17.5%; last week 12.9%)
Bid to Cover Ratio: 4.69 (last week 4.66)
Investment Rate: 0.152% (last week 0.147%)
High Rate: 0.150% (allotted at high 72.61%)
26-week bill: $25 billion (same as this week)

Primary Dealer: $13.41 billion
Indirect Bidder: $6.87 billion
Indirect Bidder Percentage: 27.5% (last week 27.5%)
Direct Bidder: $2.97 billion (11.9%; last week 10.7%)
Bid to Cover Ratio: 4.42 (last week 4.38)
Investment Rate: 0.244% (last week 0.223%)
High Rate: 0.240% (allotted at high 20.89%)
5-year TIPS: $11 billion (issued once a year, with reopening in 6 months)

Primary Dealer: $6.80 billion
Indirect Bidder: $2.47 billion
Indirect Bidder Percentage: 22.5% (last year 24.8%)
Direct Bidder: $1.39 billion (12.6%; last year 0.6%)
Bid to Cover Ratio: 3.15 (last year 2.66)
Interest Rate: 0.5% (last year 1.250%)
High Yield: 0.550%(allotted at high 30.03%)

In addition, SOMA* purchased $235 million 5-year TIPS.

Tuesday April 27, 2010

4-week bill: $15 billion ($3 billion less than last week)

Primary Dealer: $7.44 billion
Indirect Bidder: $3.28 billion
Indirect Bidder Percentage: 21.9% (last week 15.3%)
Direct Bidder: $3.34 billion (22.3%; last week 22.2%)
Bid to Cover Ratio: 5.47 (last week 5.01)
Investment Rate: 0.132% (last week 0.142%)
High Rate: 0.130% (allotted at high 55.62%)

In addition, SOMA purchased $2.42 billion 4-week bill.
2-year note: $44 billion (same as last month)

Primary Dealer: $20.70 billion
Indirect Bidder: $13.51 billion
Indirect Bidder Percentage: 30.7% (last month 34.4%)
Direct Bidder: $9.32 billion (21.2%; last month 13.7%)
Bid to Cover Ratio: 3.03 (last month 3.00)
Interest Rate: 1% (last month 1%)
High Yield: 1.024% (allotted at high 63.61%; last month high yield 1%)

In addition, SOMA purchased $939 million 2-year note.

Wednesday April 28, 2010

56-day CMB: $25 billion (under SFP* to be used solely by the Federal Reserve; the 10th straight week of issuing CMB under SFP)

Primary Dealer: $17.48 billion
Indirect Bidder: $3.31 billion
Indirect Bidder Percentage: 13.2% (last week 17.8%)
Direct Bidder: $4.21 billion (16.8%; last week 13.2%)
Bid to Cover Ratio: 4.18 (last week 4.31)
Investment Rate: 0.157% (last week 0.152%)
High Rate: 0.155% (allotted at high: 97.74%)
5-year note: $42 billion (same as last month)

Primary Dealer: $15.39 billion
Indirect Bidder: $20.49 billion
Indirect Bidder Percentage: 48.8% (last month 39.5%)
Direct Bidder: $6.00 billion (14.3%; last month 10.7%)
Bid to Cover Ratio: 2.75 (last month 2.55)
Interest Rate: 2.5% (last month 2.5%)
High Yield: 2.540% (allotted at high: 90.56%; last month high yield 2.605%)

In addition, SOMA purchased $896 million 5-year note.

Thursday April 29, 2010

7-year note: $32 billion (same as last month)

Primary Dealer: $9.04 billion
Indirect Bidder: $19.02 billion
Indirect Bidder Percentage: 59.4% (last month 41.8%)
Direct Bidder: $3.90 billion (12.2%; last month 17.2%)
Bid to Cover Ratio: 2.82 (last month 2.61)
Interest Rate: 3.125% (last month 3.250%)
High Yield: 3.210% (allotted at high 93.61%; last month high yield 3.374%)

In addition, SOMA purchased $683 million 7-year note.

Total for the week: $218 billion

Bills: $89 billion
Notes and bonds: $129 billion

Total for April 2010: $652 billion

Bills: $449 billion
Notes and bonds: $203 billion

Additional Purchase by SOMA for April 2010: $26.605 billion

Bills: $18.43 billion
Notes and bonds: $8.175 billion

Tuesday, April 20, 2010

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

Monday, April 19, 2010

Treasury Auction Schedule and Result for the Week of April 12, 2010

(Updated with results)

The US Treasury Department auctioned the following Treasury securities for the week of April 12.

Monday April 12, 2010

13-week bill: $26 billion (drop of $2 billion from last week)

Primary Dealer: $12.49 billion
Indirect Bidder: $7.58 billion
Indirect Bidder Percentage: 29.2% (last week 34.8%)
Direct Bidder: $4.46 billion (17.2%; last week 10.9%)
Bid to Cover Ratio: 4.52 (last week 3.60)
Investment Rate: 0.157% (last week 0.178%)
High Rate: 0.155% (allotted at high: 67.57%)
26-week bill: $27 billion (drop of 2 billion from last week)

Primary Dealer: $9.45 billion
Indirect Bidder: $12.08 billion
Indirect Bidder Percentage: 44.7% (last week 43.3%)
Direct Bidder: $4.02 billion (14.9%; last week 18.5%)
Bid to Cover Ratio: 4.40 (last week 3.63)
Investment Rate: 0.244% (last week 0.269%)
High Rate: 0.240% (allotted at high: 0.76%)

Tuesday April 13, 2010

4-week bill: $26 billion (drop of $8 billion from last week)

Primary Dealer: $15.59 billion
Indirect Bidder: $5.72 billion
Indirect Bidder Percentage: 22% (last week 27.5%)
Direct Bidder: $4.44 billion (17.1%; last week 16.5%)
Bid to Cover Ratio: 4.35 (last week 3.56)
Investment Rate: 0.147% (last week 0.162%)
High Rate: 0.145% (allotted at high: 57.27%)

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

Wednesday April 14, 2010

56-day CMB*: $25 billion (under SFP* to be used solely by the Federal Reserve; 8th straight week of issuing CMB under SFP)

Primary Dealer: $14.04 billion
Indirect Bidder: $6.08 billion
Indirect Bidder Percentage: 24.3% (last week 19.2%)
Direct Bidder: $4.88 billion (19.5%; last week 21.7%)
Bid to Cover Ratio: 4.60 (last week 3.85)
Investment Rate: 0.152% (last week 0.167%)
High Rate: 0.150% (allotted at high: 55.65%)

Total for the week: $104 billion

Bills: $104 billion

Total for April 2010 so far: $341 billion

Bills: $267 billion
Notes and bonds: $74 billion

Additional Purchase by SOMA for April 2010 so far: $15.142 billion

Bills: $9.72 billion
Notes and bonds: $5.422 billion

Wednesday, April 7, 2010

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

Thursday, April 1, 2010

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

Terminology
SOMA	System Open Market Account at the Federal Reserve New York Bank
Primary Dealer	A bank or securities broker-dealer that may trade directly with the Federal Reserve System. Primary Dealers are required to bid at Treasury auctions. Current list of Primary Dealers is available at New york Fed.
Indirect Bidder	Supposed to be the foreign investors, both foreign central banks and foreign private investors
Bid to Cover ratio	The number of bids received divided by the number of bids accepted. The higher the ratio, the higher the demand.
Reopening	The U.S. Treasury issues additional amounts of a previously issued security. The reopened security has the same maturity date and coupon interest rate as the original security, but with a different issue date and usually a different purchase price.
Cash Management Bill (CMB)	A short-term security sold by the U.S. Department of the Treasury. The maturity on a CMB can range from a few days to six months. The money raised through these issues is used by the Treasury to meet any temporary shortfalls. CMBs tend to pay higher yields than bills with fixed maturities, but their shorter maturities lead to lower overall interest expense.
Supplementary Financing Program (SFP)	A program initiated by the U.S. Treasury Department at the request of the Federal Reserve in September 17, 2008. The cash raised from the auction will be used in the various Federal Reserve initiatives to support the financial markets and manage its balance sheet.

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