Why the 10 year yield is going to 5%

Discussion in 'Economics' started by Trend Fader, Nov 9, 2005.

  1. Surdo

    Surdo

    Stone & McCarthy (Princeton)
    "The 10-year note auction today went extremely well, stopping well below the 100pm bid side with a major percentage going to indirect bidders at 55.6%, which is a record and well above the average for 10-year refunding auctions of about 38.3%.

    The auction stopped at 5.578%. The WI was bid at 5.590% as of the 100pm bidding deadline. At $13.0 bln, today's auction is the same as August's refunding 10-year auction. 55.70% of bids at the high yield were accepted.

    The bid cover was 2.24, relative to an average of 2.18 for refunding 10-year note auctions going back to 2003. Non-comps were $32 mln."
     
    #11     Nov 10, 2005
  2. Other example of post with valuable information. Thanks.
     
    #12     Nov 10, 2005
  3. Um, that should be 4.578% and 4.590%.
     
    #13     Nov 10, 2005
  4. I thought that looked a little high.:D I was thinking about ways I could get into the primary bond market and sell at a premium immediately after.
     
    #14     Nov 10, 2005