il T-Bronx è scattato
risultati asta 10y meglio del preventivato
Treasuries mostly flat, losses erased after auction
Tue Sep 12, 2006
By Ellen Freilich
NEW YORK, Sept 12 (Reuters) - U.S. Treasury debt prices were mostly unchanged on Tuesday afternoon after better-than-expected demand for a Treasury 10-year note auction caused the market to erase narrow losses.
The $8 billion of reopened 10-years were sold at a high yield of 4.810 percent and a bid-to-cover ratio -- an indication of demand -- of 2.91, above the average of 2.8 for the last two such reopenings this year.
"The auction results were a little bit better than expected," said Christopher Rupkey, vice president and senior financial economist at Bank of Tokyo/Mitsubishi. "The 2.91 bid to cover ratio was above the average for the last four auctions and even stronger than in August, which was a refunding."
Indirect bidders, which include customers of primary dealers and foreign central banks, took $1.50 billion or 18.7 percent of the auction, above an average of 9.8 percent for the last two such reopenings this year.
"The indirect bid, also known as a measure of foreign interest, was not bad," Rupkey commented.
Ten-year notes <US10YT> were unchanged in price compared with Monday's closing levels, yielding 4.803 percent, versus 4.819 percent just before the auction and compared with 4.805 percent late on Monday.
"The auction went a little bit better than expected so we made a new high on the day," Rupkey said. "It changed the tone of the market a little. Now we just have to see if it holds."
cèèèèèèèèèèèèèèèèè avevo scritto vedi caffè= auguri maria =
con te non regge neanche il doppiosenso, si va in 3d per direttissima (vd caffè) 
