Treasury Auction Schedule for Week of 6/8/09

Treasury Department will auction the following Treasury securities next week:

6/8/09 Monday

• 13-week bill: $31 billion
• 26-week bill: $31 billion

6/9/09 Tuesday

• 3-year note: $35 billion

6/10/09 Wednesday

• 9-year-11-month note: $19 billion

6/11/09 Thursday

• 29-year 11-month bond: $11 billion

Week total: $127 billion

Putting it in perspective, Cuba's annual GDP (measured by PPP) is about $125 billion; Thailand's foreign currency reserve is about $120 billion. The last two times 30-year bond was auctioned (5/7, 3/12), the stock market went up on a weekly basis (up 4%, and up 8%, respectively).

Things to watch out for:

• Bid to cover ratio
• Indirect Bidder participation on all of them

Latvia is in turmoil after the government failed to sell ANY bill at their Treasury auction (6/3/09 Telegraph UK, here).

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