The Treasury Department sold $13 billion in 30-year bonds on Thursday at a yield of 4.640%, ending a week of $84 billion in issuance that generally drew strong demand.
- Bid To Cover 2.68 vs. an average of 2.53 times in the last four refundings of long bonds
- Indirects bought 40.7% vs. an average of 42.9%
- Direct Bidder take down 4.9% vs. 5% on average in recent sales
- Alloted at High 27.21%
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what do these terms mean, especially “indirect” and “alloted” and can you tell how much the fed bought with freshly printed money?
Alloted at High – it’s basically the % of those bidding the exact accepted price
Indirects – is that group that includes foreign central banks
Directs – domestic institutions buying for their own account
how much the fed bought with freshly printed money? – Only Ben knows the correct answer to that ? Peter