Wednesday, August 12, 2009

10 yr Note Auction

$23 Bil auctioned off today @ 3.734%

Tail (high-median yield) of 9.8 bp
Tail (high-market yield) is around 3 bp
PD's get $11.8 Bil, Indirects $10.4 Bil, Non-PD tenders 67.2% of auction size.
Total BtC 2.49: most of that is from a large amount of PD bidding
Market moved up to 3.755 after, now back to 3.711
$3.5 Bil rolled in the SOMA and tacked on to the auction