2010 Economic Calendar
POWERED BY  econoday logo
Resource Center »  U.S. & Intl Recaps   |   Release Dates   |   Event Definitions   |   Today's Calendar

2-Yr Note Auction
Released on 7/27/2010 1:00:00 PM For 7/27/2010 1:00:00 PM
Auction Results
Bid/Cover3.33 
Coupon Rate0.625 % 
Total Amount$38.0 B 
Yield Awarded0.665 % 

Highlights
The two year $38.0 billion note auction went well. The bid to cover ratio at 3.33 was down from last month's 3.45 but still quite strong and well above the 3.10 average of the past year. Buyside demand was well off of last month's pace, however. The auction stopped at 0.665 percent with an 88.09 percent allocation at the high yield.

Definition
Treasury notes are sold at regularly scheduled public auctions. The competitive bids at these auctions determine the interest rate paid on each Treasury note issue. A group of 17 securities dealers (as of June 18, 2009), known as primary dealers, are authorized and obligated to submit competitive tenders at Treasury auctions. Dealers can hold the bills, resell the bills to their clients or trade them with other securities firms. (Department of the Treasury)  Why Investors Care
 
[Chart]
Data Source: Haver Analytics
 
[Chart]
Data Source: Haver Analytics
 
Legal Notices | ©Copyright 2000-2010 Econoday, Inc.  powered by [Econoday] [Apple App Store]
[Econoday on Kindle]