Bid-to-Cover 0.62 in FED’s $25bln TSLF
Thursday, June 26th, 2008Last TSLF’s bid-to-cover ratio was 0.49, but that auction was for $75bln
Last TSLF’s bid-to-cover ratio was 0.49, but that auction was for $75bln
Dealers submitted $36.8bln of bids, according to the FED.
Stop-out rate: 2.360 percent
Total propositions submitted: $89.377bln
Total propositions accepted: $75bln
Bid/cover ratio: 1.19
Number of bidders: 76
The FED accepted $16.43bln of bids in the $25bln Term Securities Lending Facility auction today.
Each Term Auction Facility will offer $75bln, the same size as May’s TAFs.