Uh oh. No one wants our 30-year bonds.
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RESULTS OF TREASURY'S AUCTION OF 30-YEAR BONDS
Interest Rate: 4 3/8% Issue Date: February 15, 2008
Series: Dated Date: February 15, 2008
CUSIP No: 912810PW2 Maturity Date: February 15, 2038
High Yield: 4.449% Price: 98.780998
All noncompetitive and successful competitive bidders were awarded securities at the high yield. Tenders at the high yield were allotted 61.11%. All tenders at lower yields were accepted in full.
AMOUNTS TENDERED AND ACCEPTED (in thousands)
Tender Type Tendered Accepted
----------- ----------------- -----------------
Competitive $ 16,359,000 $ 8,988,439
Noncompetitive 11,583 11,583
FIMA (noncompetitive) 0 0
----------------- -----------------
SUBTOTAL 16,370,583 9,000,022 1/
Federal Reserve 4,295,231 4,295,231
----------------- -----------------
TOTAL $ 20,665,814 $ 13,295,253
Median yield 4.395%: 50% of the amount of accepted competitive tenders
was tendered at or below that rate. Low yield 4.340%: 5% of the amount
of accepted competitive tenders was tendered at or below that rate.
Bid-to-Cover Ratio = 16,370,583 / 9,000,022 = 1.82
1/ Awards to TREASURY DIRECT = $2,792,000 |
