MBS LUNCH: 7 Year Treasury Note Auction Results
December 30, 2009 – 10:05 amPosted To: MBS Commentary
The Treasury has successfully auctioned $32 billion 7 year notes YIELDS High 3.345 pct Median 3.290 pct Low 3.200 pct PRICE/ACCEPTANCES Price 99.411474 Accepted at high 55.69 pct Bid-to-cover ratio 2.72 AMOUNTS TENDERED AND ACCEPTED (dollars) Total accepted 32,000,037,100 Total public bids tendered 86,912,515,100 Competitive bids accepted 31,947,974,000 Noncompetitive bids accepted 52,063,100 Fed add-ons 948,398,600 Primary Dealer Tendered 63,093,000,000 Primary Dealer Accepted 15,563,767,500 Primary Dealer Hit Rate 24.7% of what they bid on Primary Dealer Total Award 48.6% of total auction Direct Bidder Tendered 3,901,000,000 Direct Bidder Accepted 2,113,784,500 Direct Bidder Hit Rate 54.2% of what they bid on Direct Bidder Total Award 6.6% of total auction Indirect Bidder Tendered 19,866...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.