Treasury offers warrants to buy Citigroup stock
Monday January 24, 2011, 8:59 am EST
WASHINGTON (Reuters) – The U.S. Treasury Department announced on Monday that will offer two groups of warrants to buy stock in Citigroup Inc. that it obtained as par…
The Treasury is putting the markets to the test this week with $68 billion in new supply. On Monday, indirect bidders again showed up in force. The Fed’s data on custodial holdings of Treasuries for foreign central banks also showed a massive increase in their buying of Treasuries last week. Those in the business of…
It was a busy day. The Treasury sold 3 issues, at which the indirect bid was generally strong, except for the small TIPS issue, which indirect bidders shied away from. The Primary Dealer bid on all three issues was absolutely enormous leading to huge bid/cover ratios on the shorter term stuff. That leads to the…
Both the stock and bond markets finally succumbed to the $124 billion in new Treasury supply coming to market this week. That’s the biggest chunk of paper to hit the market since last October. $72 billion settles on Monday, so there should be more pressure tomorrow. Indirect bidders showed up, but not in big enough…
