The U.S. Department of the Treasury held the weekly auction for 26-week Treasury bills, or T-bills, on April 18. T-bills worth $24 billion were on offer.
The US Treasury holds monthly auctions of three-year Treasury notes (or T-notes). The yield on three-year T-notes is related to movements in the federal funds rate.
The U.S. Department of the Treasury conducted its weekly auction for four-week Treasury bills on November 17, 2015. The issuance was $55 billion, which was $3 billion higher than in the previous week.
The addition of “at its next meeting” in the FOMC’s October statement has led market participants to believe that a rate hike may be effected in its December meeting.
Demand for the two-year Treasury note was higher in September’s auction. The bid-to-cover ratio rose by 3.5% month-over-month to 3.27x in September’s auction.
Fixed income market participants have been selling short-maturity Treasuries in anticipation of a rate hike by the Federal Reserve. The FOMC convenes on September 16 and 17 to decide the course of monetary policy.
The US Treasury held the weekly 26-week Treasury bills auction on August 31. After a fall in demand the previous week, the fundamental market demand rose.
The US Treasury holds monthly auctions of three-year Treasury notes, or T-notes. The auction was held on August 11. The auction size was set at $24 billion.
US Treasury yields rose across the yield curve for the week ending August 14 due to a rise in the PPI. However, the rise in the yields was restricted to single digits.
