Tuesday, May 26, 2009

Tuesday's Treasury Auction Results

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
26-week bill: $30 billion sold
  • Primary dealer: $15.9 billion
  • Direct bidder: $1.4 billion
  • Indirect bidder: $10.9 billion
  • Bid to cover ratio: 3.09
2-Year notes: sold $40 billion
  • Primary Dealer: $17 billion
  • Direct bidder: $894 million
  • Indirect bidder: $21 billion
  • Bid to cover ratio: 2.94

2 comments:

In Debt We Trust said...

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%?

arevamirpal::laprimavera said...

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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