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US Data: Bidders Participation in Treasury 2-YR FRN Auction

Data for: January 2019
Source: U.S. Treasury, Bureau of Public Debt                            
Tenders by type of bidder in millions of U.S. dollars                   
Percentage are based on total competitive
Hit Ratio=Amt Accepted/Amt Tendered  
                                 Pct of              Pct of
                                  Comp-               Comp-    Hit
                      Tendered  etitive   Accepted  etitive  Ratio
Primary Dealer 1     46380.000    80.24  10402.240    52.09  22.43
Direct Bidder 2        750.000     1.30     50.000     0.25   6.67
Indirect Bidder 3    10669.200    18.46   9518.440    47.66  89.21
Total Competitive    57799.200           19970.680           34.55
Noncomps                24.502              24.502              --
FIMA                     5.000               5.000              --
Total Public         57828.702           20000.182           34.59
1. Primary dealers as submitters bidding for their own house accounts.  
2. Non-primary dealer submitters bidding for their own house accounts.  
3. Customers placing competitive bids through a direct submitter,       
including foreign and international monetary authorities placing bids   
through the New York Federal Reserve Bank.                              
--MNI Washington Bureau; +1 (973) 494-2611; email:

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