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
  

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 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

May 2010 Treasury Auction

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