http://wwws.publicdebt.treas.gov/AI/AIGateway this is what I have http://mam.econoday.com/calendar/US/EN/New_York/year/2006/month/02/day/09/daily/index.html
The bonds to be sold today yielded 4.54 percent in pre- auction trading, 14 basis points below the last 30-year bond the government sold. A basis points is 0.01 percentage point. The 5 3/8 percent bond maturing in February 2031 fell about 1/16, or 63 cents per $1,000 face amount, to 110 7/32 at 10:33 a.m. in New York, according to bond broker Cantor Fitzgerald LP. Source: Bloomberg
http://wwws.publicdebt.treas.gov/AI/pdf/ofn0209061.pdf PUBLIC DEBT NEWS Department of the Treasury ⢠Bureau of the Public Debt ⢠Washington, DC 20239 TREASURY SECURITY AUCTION RESULTS BUREAU OF THE PUBLIC DEBT - WASHINGTON DC FOR IMMEDIATE RELEASE CONTACT: Office of Financing February 09, 2006 202-504-3550 RESULTS OF TREASURY'S AUCTION OF 30-YEAR BONDS Interest Rate: 4 1/2% Issue Date: February 15, 2006 Series: Dated Date: February 15, 2006 CUSIP No: 912810FT0 Maturity Date: February 15, 2036 High Yield: 4.530% Price: 99.510492 All noncompetitive and successful competitive bidders were awarded securities at the high yield. Tenders at the high yield were allotted 51.17%. All tenders at lower yields were accepted in full. AMOUNTS TENDERED AND ACCEPTED (in thousands) Tender Type Tendered Accepted ----------- ----------------- ----------------- Competitive $ 28,581,626 $ 13,861,288 Noncompetitive 38,776 38,776 FIMA (noncompetitive) 100,000 100,000 ----------------- ----------------- SUBTOTAL 28,720,402 14,000,064 1/ Federal Reserve 841,266 841,266 ----------------- ----------------- TOTAL $ 29,561,668 $ 14,841,330 Median yield 4.490%: 50% of the amount of accepted competitive tenders was tendered at or below that rate. Low yield 4.475%: 5% of the amount of accepted competitive tenders was tendered at or below that rate. Bid-to-Cover Ratio = 28,720,402 / 14,000,064 = 2.05 1/ Awards to TREASURY DIRECT = $8,218,000 http://www.publicdebt.treas.gov
Stone & McCarthy (Princeton) -- The 30-year bond auction saw a particularly aggressive bid, stopping well through the 100pm bid side with a pretty good bid cover. The auction stopped at 4.530%. The WI was bid at 4.580% as of the 1:00pm bidding deadline. 51.17% of bids at the high yield were accepted. The issue will have a 4 1/2% coupon. The bid cover appeared solid given the size of the auction at 2.05. Non-comps were $38.776 mln It's been quite some time since we last had a bond auction, making comparisons difficult. Strictly speaking, this is also the largest 30-year bond auction in the Treasury's history.
Largest, According to Stone & McCarthy. Shorts seemed to have scrambled to cover quickly. A close above 113 is needed to continue this mini rally. Tough read, feels like we have another leg down.
I'm looking lower myself We just had a retest of the recent highs. Think the next hour will tell us something