13 and 26-week Treasury Auction Has Worst Bid-to-Cover Ratio Since 2008

By Anthony B. Sanders

Today’s Treasury auction for short-term debt (13 and 26 week Bills) was daunting.

tuac.png

Specifically, the bid-to-cover ratio (the ratio of the number of bids received in a Treasury security auction compared to the number of accepted bids) fell to the lowest level since late 2008. For the 13-month bill,

bcov3mo.png

For the 26 week Bill,

bc6mo.png

Notice that the bid-to-cover ratio for 26-week US Treasuries started to fall as The Fed’s asset purchases of T-notes and T-bonds slowed.

qe3bid.png

Escape from Treasury starring Snake Plisken!

escPE

Support 100% ad-free Biiwii.com by making a donation of your choice!

Or better yet, subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade ideas to get even more bang for your buck. You can also keep up to date with plenty of actionable public content at NFTRH.com by using the email form on the right sidebar. Or follow via Twitter @BiiwiiNFTRH, StockTwits or RSS. Also check out the quality market writers at Biiwii.com.

Published by

Gary

NFTRH.com & Biiwii.com