Auction Results for RIKV 24 1120 and RIKV 25 0219 Treasury Bills
Auction Results Overview for RIKV 24 1120 and RIKV 25 0219 Treasury Bills
Series Information
The recent auction concerning Treasury Bills featured two specific issues: RIKV 24 1120 and RIKV 25 0219. These bills are essential instruments for managing short-term funding needs, attracting various investors keen on stable, risk-averse investments.
Settlement Dates
Both Treasury Bills are set for settlement on the same date, ensuring a synchronized financial transaction scheduled for 08/21/2024. This date marks the point where the allocated amounts are transferred to the successful bidders.
Allocation and Interest Details
Total Amount Allocated
The total amounts allocated in this auction were significant: RIKV 24 1120 attracted an allocation of 22,000 MM, while RIKV 25 0219 saw a larger allocation of 25,000 MM. These figures highlight the interest and demand present in the market.
Bid Details
All bids were awarded at varying prices and simple interest rates. For RIKV 24 1120, the bids provided a price of 97.687 with a simple interest rate of 9.367. Conversely, RIKV 25 0219 received bids with a price of 95.468 and a simple interest rate of 9.390. Such details reflect the competitive nature of the auction, emphasizing yield discrepancies that can significantly impact investor choices.
Total Number of Bids
The total number of bids received for RIKV 24 1120 was 19, compared to 24 bids for RIKV 25 0219, indicating a robust interest in both series.
Successful Bids Overview
Total Amount of All Bids Received
A comprehensive 40,028 MM worth of bids were received for RIKV 24 1120, while RIKV 25 0219 garnered even higher, with 40,500 MM total bids received.
Success and Allocation Rates
Out of the bids, 13 were successful for RIKV 24 1120, while RIKV 25 0219 had 17 successful bids. Additionally, 12 bidders received full allocations for RIKV 24 1120, and all 17 bidders were allocated fully for RIKV 25 0219, demonstrating a healthy allocation environment.
Price and Interest Metrics
The auction exhibited various pricing metrics. For RIKV 24 1120, the lowest price allocated was 97.687, and the highest was 97.739, reflecting effective market pricing strategies. Similarly, for RIKV 25 0219, the lowest price was 95.468, and the highest was recorded at 95.648.
Weighted Averages and Best/Worst Bids
Weighted averages for successful bids were 97.696 at a 9.330 simple interest for RIKV 24 1120 and 95.495 at 9.331 for RIKV 25 0219, illustrating effective bidding strategies. The best bid for RIKV 24 1120 was 97.739 at 9.152 simple interest, while the worst bid was 97.662 at 9.471.
Market Indicators
Bid to Cover Ratios
The bid-to-cover ratio for RIKV 24 1120 was 1.82, whereas RIKV 25 0219 maintained a 1.62 ratio. These ratios serve as indicators of the demand relative to the supply available in the auction, illustrating the underlying market interest.
Conclusion
The auction results for RIKV 24 1120 and RIKV 25 0219 demonstrate a strong participation from investors, showcasing the attractiveness of Treasury Bills as a safe investment vehicle. The variety in pricing and interest rates indicates a nuanced investor strategy aimed at maximizing returns while managing risk effectively.
Frequently Asked Questions
1. What are the key details of the treasury auction for RIKV 24 1120?
RIKV 24 1120 had a total allocation of 22,000 MM, with a lowest price of 97.687 and a highest simple interest allocated rate of 9.367.
2. How many bids were received for RIKV 25 0219?
There were a total of 24 bids received for RIKV 25 0219, indicating significant interest from investors.
3. When is the settlement date for these treasury bills?
The settlement date for both RIKV 24 1120 and RIKV 25 0219 is scheduled for 08/21/2024.
4. What does the bid to cover ratio signify?
The bid-to-cover ratio indicates the demand for treasury bills relative to the amount available, with higher ratios reflecting stronger interest from investors.
5. How did the weighted averages compare between the two bills?
The weighted average for successful bids was 97.696 at 9.330 for RIKV 24 1120 and 95.495 at 9.331 for RIKV 25 0219, showcasing differences in investor strategies and market conditions.
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