Housing Mortgages Information

MBS LUNCH: Bonds Improving Slightly After Auction

December 29, 2009 – 10:07 am

Posted To: MBS Commentary

Auction Results Are As Follows: 5-YEAR NOTES YIELDS High 2.665 pct Median 2.600 pct Low 2.538 pct PRICE/ACCEPTANCES Price 99.813909 Accepted at high 31.16 pct Bid-to-cover ratio 2.59 AMOUNTS TENDERED AND ACCEPTED (dollars) Total accepted 42,000,036,500 Total public bids tendered 108,683,366,500 Competitive bids accepted 41,890,770,000 Noncompetitive bids accepted 109,266,500 Fed add-ons 1,244,773,200 Primary Dealer Tendered 75,720,000,000 Primary Dealer Accepted 17,995,580,000 Direct Bidder Tendered 7,101,000,000 Direct Bidder Accepted 5,457,370,000 Indirect Bidder Tendered 25,753,100,000 Indirect Bidder Accepted 18,437,820,000 (44% indirect) ------------------------------------------------------------------------------------------------- Overall, a middle-of-the-road auction with the median...(read more)