Monday's auction:
13-week: Tender $168.05bn; Accept $66.61bn; T/A=2.52; Median yield 4.55 percent.
Maturing batch: $63.9bn at 4.065 percent. Estimated annualized debt-cost mark up: $433m
26-week: Tender $131.51bn; Accept $53.29bn; T/A=2.47; Median yield 4.69 percent.
Maturing batch: $47bn at 2.995 percent. Estimated annualized debt-cost mark up: $1.092bn
Total annualized debt-cost mark up: $1.525bn
Estimated average interest on debt: 2.32 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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