1. Also Tuesday, the Treasury will conduct its regular weekly auction of new three- and six-month bills. 2. At the regular weekly auction of Treasury bills Monday, the rates were higher than they were last week. 3. A noncompetitive bid is one that agrees to accept the price and yield for the bills and notes set in the regular competitive auction. 4. Also Monday, the Treasury held its regular weekly auction of new three-month and six-month bills, and the sale went better than expected. 5. Elsewhere, the regular weekly Treasury bill auction was somewhat mediocre. 6. In other Treasury activity, the government held its regular weekly auction of new three- and six-month bills. 7. Short-maturity bills were mixed, as the Treasury held its regular weekly auction of new three-month and six-month bills. 8. Short maturity bills were mixed, as the Treasury held its regular weekly auction of new three-month and six-month bills. 9. Still, traders said there was fairly strong demand at the regular weekly auctions for three- and six-month bills. 10. The central bank adjusts rates by setting the yield on securities repurchase agreements at regular auctions. |