Correction to Chuck Butlers comments re Treasury auctions in the coming week. They seem to be happening this week which better explains the gold/silver smackdown in after hours.
Submitted by Tyler Durden on 05/26/2010 12:14 -0500
- $40 Billion in 5 Year Bonds close at 2.13% High Yield (15.05% allotted at high), compared to 2.54% previously, 2.46% average in last year, 2 bp tail from 2.11% WI at 1:00 PM
- Bid To Cover comes at 2.71, 2.75 previously, 2.58 average
- Direct bidders take down at new record of 15.0%, compared to 14.3% previously, 8.1% average
- Indirect bidders take down 40.6%, comapred to 48.9% previously, 48.6% average
- Primary Dealer Hit Ratio of 24.3%, compared to 20.3% previously, 24.6% average
