Treasury Auctions Thursday Feb. 23

Thursday's auctions:

4-week: Tender $198.89bn; Accept $76.3bn; T/A=2.61; Median yield 4.45 percent.

Maturing batch: $75.92bn at 4.43 percent. Estimated annualized debt-cost mark-up: $32m

SOMA sales equal to 1.71 percent of accepted volume.

8-week: Tender $159.36bn; Accept $61.04bn; T/A=2.61; Median yield 4.615 percent.

Maturing batch: $45.94bn at 4.14 percent. Estimated annualized debt-cost mark-up: $475m

SOMA sales equal to 1.71 percent of accepted volume.

7-year: Tender $95.01bn; Accept $42.95bn; T/A=2.21; Median yield 3.972 percent.

Maturing batch: $37.4bn at 1.553 percent. Estimated annualized debt-cost mark up: $1.141bn 

SOMA sales equal to 18.5 percent of accepted volume.

Total annualized debt-cost mark up for these two auctions: $1.65bn

Estimated average interest on debt: 2.39 percent

--

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.