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Fed Auction Results Released

 Aug 26, 2008 06:07 PM UTC
Return Risk
-21.37% LOW
Tracked Blogger

Graphic_arrow1 Via Todd Sullivan's ValuePlays:  

this is the lowest bid toi cover ration yet...good news.

On August 25, 2008, the Federal Reserve conducted an auction of $75 billion in 28-day credit through its Term Auction Facility. Following are the results of the auction:

Stop-out rate: 2.380 percent

Total propositions submitted: $84.168 billion
Total propositions accepted: $75.000
Bid/cover ratio: 1.12

Number of bidders: 66

Rate seem to be holding steady and the number of bidders, or at least the amount of funds...



Continued at Todd Sullivan's ValuePlays






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