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3 And 6 Month Bills Price At 0.11% and 0.17% Yields, Direct Take Down Solidly In Double Digit Range

Tyler Durden's picture
Submitted by Tyler Durden on 02/08/2010 11:46 -0500



The $24 Billion 3 Month Bill closed at 0.11% high rate (just 7.85% allotted at high). Bid To Cover was 4.46 versus last weeks 4.06, and 3.96 over the past year. The demand for Bills surges as does direct bidders take down which was a whopping 17.2% of the total $22.7 billion. Indirects came in surprisingly weak at 28.9%. The balance is Primary Dealers.

The $27 Billion 6 Month Bill closed at 0.17% high rate, with 43% allotted. Bid To Cover was 3.83 versus last week's 3.88 and an average of 3.8 over the past year. And as in the 3 Month, the Direct take down was a whopping 18.2%, with Indirects at 39.2% and the balance for PDs.

Tomorrow we will see another 1 Month Bill auctioned off.

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by Daedal
on Mon, 02/08/2010 - 12:01
#222220

Tomorrow we will see another 1 Month Bill auctioned off.

I predict rate will be <0.00%.

by Hephasteus
on Mon, 02/08/2010 - 12:22
#222239

I'm waiting for the Weekend Bond to go up for sale. Like weekend car rentals at Budget Rentals.

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