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    The US Treasury auctioned $8.1 billion of 10-year Treasury Inflation-Protected Securities (TIPS) with an interest rate of 1.88%. Competitive bids totaled $19.8 billion while noncompetitive bids totaled $258.9 million. A total of $8 billion in securities were accepted, with $3.5 billion going to primary dealers and $3.8 billion to indirect bidders.

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    10 Yr

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    The US Treasury auctioned $8.1 billion of 10-year Treasury Inflation-Protected Securities (TIPS) with an interest rate of 1.88%. Competitive bids totaled $19.8 billion while noncompetitive bids totaled $258.9 million. A total of $8 billion in securities were accepted, with $3.5 billion going to primary dealers and $3.8 billion to indirect bidders.

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    The US Treasury auctioned $8.1 billion of 10-year Treasury Inflation-Protected Securities (TIPS) with an interest rate of 1.88%. Competitive bids totaled $19.8 billion while noncompetitive bids totaled $258.9 million. A total of $8 billion in securities were accepted, with $3.5 billion going to primary dealers and $3.8 billion to indirect bidders.

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    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    38 views1 page

    10 Yr

    Uploaded by

    api-25887578
    The US Treasury auctioned $8.1 billion of 10-year Treasury Inflation-Protected Securities (TIPS) with an interest rate of 1.88%. Competitive bids totaled $19.8 billion while noncompetitive bids totaled $258.9 million. A total of $8 billion in securities were accepted, with $3.5 billion going to primary dealers and $3.8 billion to indirect bidders.

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    of 1

    For Immediate Release CONTACT: Office of Financing

    July 06, 2009 202-504-3550

    TREASURY AUCTION RESULTS


    Term and Type of Security 10-Year TIPS
    CUSIP Number 912828LA6
    Series D-2019

    Interest Rate 1-7/8%


    High Yield1 1.920%
    Allotted at High 23.38%
    Adjusted Price 99.592335
    Unadjusted Price2 99.592335
    Adjusted Accrued Interest per $1,000 None
    Unadjusted Accrued Interest per $1,0002 None
    TIIN Conversion Factor per $1,0003 4.390726617

    Median Yield4 1.799%


    Low Yield5 1.630%

    Issue Date July 15, 2009


    Maturity Date July 15, 2019
    Original Issue Date July 15, 2009
    Dated Date July 15, 2009

    Tendered Accepted
    Competitive $19,831,446,000 $7,741,097,000
    Noncompetitive $258,911,500 $258,911,500
    FIMA (Noncompetitive) $0 $0
    Subtotal6 $20,090,357,500 $8,000,008,5007

    SOMA $135,232,800 $135,232,800

    Total $20,225,590,300 $8,135,241,300

    Tendered Accepted
    8
    Primary Dealer $12,230,800,000 $3,532,363,000
    Direct Bidder9 $1,841,108,000 $364,108,000
    Indirect Bidder10 $5,759,538,000 $3,844,626,000
    Total Competitive $19,831,446,000 $7,741,097,000

    1 6
    All tenders at lower rates were accepted in full. Bid-to-Cover Ratio: $20,090,357,500/$8,000,008,500 = 2.51
    2 7
    Adjusted by an index ratio of 1.00000. Awards to combined Treasury Direct systems = $60,570,300.
    3 8
    This factor is used to calculate the adjusted values for any TIIN face amount Primary dealers as submitters bidding for their own house accounts.
    and will be maintained to 2-decimals on book-entry systems. 9
    Non-Primary dealer submitters bidding for their own house accounts.
    4 10
    50% of the amount of accepted competitive tenders was tendered at or below Customers placing competitive bids through a direct submitter, including
    that yield. Foreign and International Monetary Authorities placing bids through the
    5 Federal Reserve Bank of New York.
    5% of the amount of accepted competitive tenders was tendered at or below
    that yield.

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