Unprecedented response to commercial coal block auctions; bids to be opened tomorrow
The Coal Ministry on Monday said it has received an unprecedented response to commercial mines auction under the sixth round and second attempt of the fifth round of auctions launched in November last year.The last day for submission of bids ended on Monday. .“A total of 99 bids for 36 coal mines have been received […]
US treasury auctions off $43 billion a five year notes at a high yield of 3.53%
WI level at the time of the auction 3.554% Auction Grade: A Once again, the international demand comes to the rescue taking 11% more than the 6 month average. The Domestic demand was marginally lower. Dealers have a low 8.8% of the leftovers. Bid Bid In a market, a bid is a price at which […]
U.S. Treasury auctions of $18 billion of 30 year bonds at a high yield of 3.585%
WI level came in at 3.609% just ahead of the auction. High-yield 3.585% WI level at the time of the auction 3.609% Tail -2.4 bps vs six-month average of -0.2 basis points Bid to cover 2.45X versus six-month average of 2.37X Directs (measure of domestic demand) 16.33% vs. six-month average of 19.0% Indirects (measure of […]