Monday June 1 Treasury Auction Results

Results of Monday's Treasury bill auctions:

91-day (13-week) bill: $31 billion

• Primary Dealer: $12.13 billion
• Direct Bidder: $1.55 billion
• Indirect Bidder (foreign): $15.88 billion
• Bid to cover ratio: 3.57
• Indirect bidder percentage: 51%

182-day (26-week) bill: $31 billion

• Primary Dealer: $13.99 billion
• Direct Bidder: $1.49 billion
• Indirect Bidder (foreign): $14.29 billion
• Bid to cover ratio: 3.14
• Indirect Bidder percentage: 46%

Significantly high foreign bidder percentage for both auctions for short-term Treasuries. No wonder yield curve is steep (see posts.)

On Tuesday, there will be auctions for 4-week bill and 52-week bill.

Tweet