Wednesday, January 25, 2023

Treasury Auctions Jan 25

Wednesday's auctions:

17-week: Tender $104.81bn; Accept $36.44bn; T/A=2.88; Median yield 4.57 percent.

No maturing batch. Annualized debt-cost mark up: $1.665bn

5-year: Tender $113.4bn; Accept $43bn; T/A=2.64; Median yield 3.464 percent.  

Maturing batch: $39.4bn at 0.932 percent. Annualized debt-cost mark up: $557m

Total mark up: $2.2bn

Estimated average interest on debt: 2.29 percent

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We do not give investment advice. 

This blog provides analytical information solely for the purposes of 1) predicting the cost of the federal debt, and 2) for assessing the risk for a U.S. fiscal crisis. All information published here, forecasting and other, is based on publicly available data from the U.S. Treasury, including but not limited to approximately 65 percent of the current debt; on macroeconomic data, including but not limited to monetary policy decisions by the Federal Reserve; and on macroeconomic theory.  

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