Results just hit the tape with a 3.0 to 1 bid to cover, 29% indirect bidders, 17% direct bidders, and a yield of 3.754%. The issue was actually 21 billion, not the 40 billion I had reported earlier. The issue did have a .5bps tail and overall, sponsorship from both direct and indirect buyers was light. We’ll give it a B. MBS and 10 year treasury yields are virtually unchanged from pre-auction levels. Down 10/32’s on the note, down 4/32’s on MBS, and plus 42 on the Dow is currently on the score board. “Cautiously optimistic” fits our current schizophrenic mindset!
Results just hit the tape with a 3.0 to 1 bid to cover, 29% indirect bidders, 17% direct bidders, and a yield of 3.754%
January 13, 2010|Austin Mortgage Market|
About the Author: Max Leaman Austin Mortgage
Great Rates, Low Fees, Close on Time® – (800) 301-3405 Since 2001, Leaman Team has helped clients to purchase, refinance and renovate. The biggest distinction between lenders is their honesty, customer service, and ability to close on time.
September 28, 2018
September 27, 2018
April 27, 2017