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30 Year Auction Gets A "D"
Thursday, May 12, 2011 - 1:06pm | 58The U.S. Treasury just concluded its 30 year auction, selling $16 billion worth of debt, and Rick Santelli said the auction was awful, and gave it a "D" grade. The auction yielded 4.38%, and had a bid to cover of 2.43, well below the 10 auction average of 2.70. Indirect bidders took down 33% of...
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3 Year Auction Gets "B+"
Tuesday, May 10, 2011 - 1:06pm | 68The U.S. Treasury just concluded its auction, selling $32 billion in 3 year debt, and Rick Santelli gave the auction a B+. The auction sold at a 1.0001% yield, with the bid to cover strong. The bid to cover was 3.29 for every dollar auctioned, well above the 10 auction average of 3.14. This is...
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7 Year Auction Gets "D" Grade From Santelli
Thursday, April 28, 2011 - 1:07pm | 52The U.S. Treasury just concluded, and Rick Santelli gave it a "D" grade, as the auction went extremely poor, for a number of reasons. The yield on the auction was 2.712%, and the bid to cover was 2.63, well below the 10 auction average of 2.89. Indirect bidders took down 39.1%, while the 10...
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5 Year Auction Gets C+
Wednesday, April 27, 2011 - 11:35am | 73The U.S. Treasury just finished a 5-year $35 billion auction, and Rick Santelli gave it a C+ grade, as it was an average auction, nothing spectacular about it. The yield on the auction was 2.124%, and it has a bid to cover of 2.77, while the 10 auction average is 2.80, so this auction is just...
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$35 Billion In 2 Year Debt Gets "C+"
Tuesday, April 26, 2011 - 1:07pm | 58The U.S. Treasury just concluded its auction of 2 year debt, and Rick Santelli gave it a "C+" grade. $35 billion in debt was sold, and it had a yield of 0.673%, which was good, but the bid to cover was very weak. It came in at 3.06, while the 10 auction average was 3.42. Indirect bidders...
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$13 Billion 30 Year Auction Gets "A" Grade
Thursday, April 14, 2011 - 1:06pm | 71The U.S. Treasury Department just concluded its $13 billion 30-year auction, and Rick Santelli said it was a spectacular auction, and gave it an "A" grade. The yield going into the auction was 4.555%, and after the auction, the yield was 4.531%, as the auction had a 2.83 bid to cover. This is...
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$21 Billion In 10 Year Auction Gets "B-" Grade
Wednesday, April 13, 2011 - 1:06pm | 82The U.S. Treasury just concluded its auction of 10 year debt, selling $21 billion, and Rick Santelli gave it a B- grade. The yield on the auction was 3.494%, just a shade higher than the 3.485% yield going into the auction. The bid to cover on the auction was 3.13, a little bit better than the 10...
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7 Year Treasury Auction Gets "D+"
Wednesday, March 30, 2011 - 1:04pm | 57The U.S. Treasury Department just concluded its 7-year Treasury auction, and the auction was awful. The bid to cover on the auction was 2.79, which is above the 10 auction average of 2.90. The yield on the auction was 2.895%. Indirect bidders took down 49% of the auction, versus the 10 auction...
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Treasury Auction Gets "C" Grade
Tuesday, March 29, 2011 - 1:06pm | 72Rick Santelli just gave the 5-year U.S. Treasury auction a "C" grade, and he said it was generous. The Treasury auctioned $35 billion worth of 5 year debt, and it had a 2.79 bid to cover ration, which is right in line with the 10 auction average. The yield on the auction was higher than expected...
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$35 Billion In 2 Year Debt Just Auctioned Off
Monday, March 28, 2011 - 1:07pm | 77The U.S. Treasury just concluded its $35 billion, 2 year auction, and Rick Santelli gave it a C+, saying it was a little bit better than average. The yield on the debt was .789%, just slightly higher than the .785% going into the auction. The bid to cover on the auction was 3.16, which is below...
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10 Year Auction Knocks It Out Of The Park
Wednesday, March 9, 2011 - 2:06pm | 97Rick Santelli gave the 10 year auction that the U.S. Treasury just held a solid A, as all the metrics were knocked out of the park. The yield on the debt was 3.449% for the $21 billion in 10 year debt we've seen be auctioned. The bid to cover was a strong 3.32 to 1, well above the 3.08 to 1...
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$32 Billion Treasury Auction Gets B+
Tuesday, March 8, 2011 - 2:09pm | 86The U.S. Treasury just concluded its $32 billion auction of 3 year Treasury debt, and Rick Santelli gave it a B=< and said it could have ve almost been an A-, as it was a strong auction. The bid to cover was 3.22, which is above the 3.14 bid to cover average we've seen over the past ten...
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3 Year Auction Doesn't Go Well
Tuesday, February 8, 2011 - 2:11pm | 60The U.S. Treasury just concluded its 3 year auction, selling $32 billion worth of Treasuries, and the auction wasn't received as well as some others recently. The Treasury sold the bonds at a 1.349% yield, and had a bid to cover of 3.01. This is below the average of 3.32 these auctions have had in...
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Strong 7 Year Auction Ends
Thursday, January 27, 2011 - 2:07pm | 60The U.S. Treasury just concluded its 7 year bond auction, and results were fairly strong this auction. The government auctioned off $29 billion worth of debt at a 2.44% yield. There was a 2.85 big to cover ratio on the auction. Rick Santelli graded the auction at an A-, saying the bid to cover...
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Strong Bond Auction Gets "A" Grade
Wednesday, January 26, 2011 - 2:07pm | 93A 5 year bond auction just ended, and Rick Santelli was very positive on the results, and gave the auction an A, almost an A+ on the metrics. The U.S. Treasury sold $35 billion worth of 5 year debt at a yield of 2.041%. There was a bid to cover for the debt of 2.97, which is much higher than the...