By Susanna Moon
Chicago, Jan. 5 - Bank of Canada said it sold C$12.5 billion of three series of Treasury bills in a Wednesday auction.
The bank sold another C$7.1 billion of bills due April 14, 2011 at an average price of 99.73303, bringing the total deal size to C$13.1 billion. The average yield was 0.997%.
The bank sold another C$2.7 billion of bills due June 23, 2011 at an average price of 99.46573, bringing the total deal size to C$5.5 billion. The average yield was 1.167%.
The bank sold another C$2.7 billion of bills due Dec. 22, 2011 at an average price of 98.64172, bringing the total deal size to C$5.5 billion. The average yield was 1.436%.
Bids were received for C$14,765,400,000 of bills due April 14, 2011, C$11 million of which were non-competitive; C$5.91 billion of bills due June 23, 2011, C$11 million of which were non-competitive; and C$5,781,390,000 of bills due Dec. 22, 2011, C$13 million of which were non-competitive.
The bank bought C$900 million of bills due April 14, 2011, C$450 million of bills due June 23, 2011 and C$450 million of bills due Dec. 22, 2011.
| Issuer: | Bank of Canada
|
| Issue: | Treasury bills
|
| Amount: | C$12.5 billion add-on
|
|
|
| Series 1
|
| Amount: | C$7.1 billion add-on
|
| Maturity: | April 14, 2011
|
| Average price: | 99.73303
|
| Average yield: | 0.997%
|
|
|
| Series 2
|
| Amount: | C$2.7 billion add-on
|
| Maturity: | June 23, 2011
|
| Average price: | 99.46573
|
| Average yield: | 1.167%
|
|
|
| Series 3
|
| Amount: | C$2.7 billion add-on
|
| Maturity: | Dec. 22, 2011
|
| Average price: | 98.64172
|
| Average yield: | 1.436%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
