8-Week Bill Treasury Auction Results

This is a syndicated repost courtesy of Treasury Auction Results. To view original, click here. Reposted with permission.

The Treasury keeps pounding the market with supply and the results show up as rising rates.  The new 8 week bill sold today at 2.207%. The 4 week bill just keeps soaring at an accelerting angle. As long as the Fed continues its bloodletting program, pulling $50 billion per month out of the banking system, and the Treasury keeps pounding the market with an average of $80-100 billion per month in new debt, nothing will change.

For more in depth reporting, check out the Wall Street Examiner Pro Trader Full Service Liquidity reports.

Treasury Announcement

CUSIP: 912796UD9
Term and Type: 8-Week Bill
High Rate: 2.170%
Investment Rate: 2.207%
Price: $99.674500
Allotted at High: 28.43%
Total Tendered: $78,333,092,500
Total Accepted: $25,000,172,500
Auction Date: 10/16/2018
Issue Date: 10/18/2018
Maturity Date: 12/11/2018

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also provide analysis and charts for David Stockman's Contra Corner which I developed for Mr. Stockman. I’ve had a wide variety of finance related jobs in the past 44 years, including a stint on Wall Street in both analytical and sales capacities. Prior to starting the Wall Street Examiner I worked as a commercial real estate appraiser in Florida for 15 years. I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. My perspective is not of the Ivory Tower. It is from having my boots on the ground and in the trenches of the industries that I analyze and write about today. 

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