Two Year Auction Color VIA RBS Securities

November 23rd, 2009 1:08 pm | by John Jansen |

$44B in new 2yr notes come at 0.802% or right on top of 1pm levels.
*U.S. AWARDS 44.5% OF 2-YR TO INDIRECT BIDDERS
*U.S. TWO-YEAR NOTES BID/COVER RATIO 3.16 AT AUCTION

Direct bidders took 4.7% of the auction (well down from last month and back to averages seen before Sept. The Dealer award of 50.8% which is the highest since July of this year.

A very clean auction close to recent averages for all categories. Indeed, the VERY light flows in 2yrs seen today only brought the auction stats back to normal from “stellar.” Two year notes are little changed after the results.

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  1. 2 Responses to “Two Year Auction Color VIA RBS Securities”

  2. By CR on Nov 23, 2009 | Reply

    Aggressive yield starved coupon bidders done for the year???????? If so, December’s round of Treasury auctions can be a prelude to JJ’s vision for the future (not too distant)

  3. By Joeb on Nov 23, 2009 | Reply

    move along, nothing to see here.

    you can’t add colour to a dull auction.

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