Thursday, March 9, 2023

Treasury Auctions Thursday March 9

Thursday's Auctions

 

4-week: Tender $180.16bn; Accept $66.19bn; T/A=2.72; Median yield 4.6 percent.

Maturing batch: $75.99bn at 4.45 percent. Estimated annualized debt-cost mark-up: $-337m

SOMA sales equal to 1.79 percent of accepted volume.


8-week: Tender $127.66bn; Accept $56bn; T/A=2.28; Median yield 4.725 percent.

Maturing batch: $55.96bn at 4.42 percent. Estimated annualized debt-cost mark-up: $305m

SOMA sales equal to 1.79 percent of accepted volume.


30-year: Tender $42.32bn; Accept $18bn; T/A=2.35; Median yield 3.804 percent.

Maturing batch unknown due to insufficient Treasury data. 

SOMA sales at zero.


Estimated average interest on debt: 2.41 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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