From TreasuryDirect.gov. Looks like a successful auction, judging by the bid to cover ratios and foreign participation.
13-week bill: $31 billion sold
- Primary dealer: $20 billion
- Direct bidder: $760 million
- Indirect bidder (foreign): $7.6 billion
- Bid to cover ratio: 3.42
- Primary dealer: $15.9 billion
- Direct bidder: $1.4 billion
- Indirect bidder: $10.9 billion
- Bid to cover ratio: 3.09
- Primary Dealer: $17 billion
- Direct bidder: $894 million
- Indirect bidder: $21 billion
- Bid to cover ratio: 2.94
2 comments:
Thanks for the info. Something to watch out for is the widening spread b/t 2 and 10 year. What that means is foreigners are more eager to stock up on short term US debt than longer dated issues. Unsurprising - who would want to lend money to Uncle Sam for 30 years at only 4.5% or so. Shouldn't it be more like 400%?
Hey jp. Let me guess.. yield curve getting steeper? Fed will end up owning all of 30-year and 10 year. The largest creditor of the US will be the US taxpayers, sooner or later.
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