Free Republic 3rd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $13,649
16%  
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Keyword: indirectbidders

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  • $31 Billion 4 Week Bill Prices At 0.08%, Primary Dealer Participation At 2010 Record, Indirects Flee

    03/02/2010 1:54:13 PM PST · by Cheap_Hessian · 7 replies · 308+ views
    ZeroHedge Blog ^ | March 2, 2010 | Tyler Durden
    * 76.46% allotted at high 0.08% * Median rate at 0.07%, low rate no longer 0.000% - now 0.04% * WI was bid at 0.08% at 11:30 - auction came exactly at price expected * Bid to Cover: 4.34, last week at 3.82 * Primary dealer bid: record $115.89 billion * Primary dealer hit ratio: 19.47% * Indirect hit ratio: 80% * Primary dealer take down at record high for 2010: 73.4%, compared to average 61.05% * Indirect take down at record low for 2010: 17.9%, compared to average 30.97% Comparing the Primary Dealer and Indirect Participation demonstrates that PDs...