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Mortgage Rates
National Average   % Change
30 Yr FRM 3.78% -0.01%
15 Yr FRM 3.04% 0.00%
1 Yr ARM 2.75% -0.03%
5/1 Yr ARM 2.83% 0.00%
30 YR 2.85% -0.02%
Fed Prime 3.25% 0.00%
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Notice: 'Top News' and 'Fed and Economy Watch', have been combined into a new channel called 'MND Newswire'. Check back daily for the latest housing and economic news.

The new url for MND Newswire is http://www.mortgagenewsdaily.com/news/

U.S. Treasury $34 Billion Two-Year bond Auction Draws High Yield of 2.115%

A record high auction of $34 billion two-year Treasury bonds drew a high yield of 2.115% allotted to 15.68% of bidders. The high yield was below the 'when issued' yield of 2.133% prior to the announcement.

The median discount rate was 2.050% and the low yield was 1.990%.

The bid-to-cover ratio was 2.21, with non-competitives taking $645,328,300. Primary dealers took $21,068,080,000 with direct bidders receiving $2,955,000,000 of competitives and indirect bidders taking $9,306,625,000.

By Erik Kevin Franco and edited by Stephen Huebl
©CEP News Ltd. 2008

Filed under: ,
 

More From MND

Mortgage Rates:
  • 30 Yr FRM 3.82%
  • |
  • 15 Yr FRM 3.09%
  • |
  • Jumbo 30 Year Fixed 4.12%
MBS Prices:
  • 30YR FNMA 4.5 107-03 (0-02)
  • |
  • 30YR FNMA 5.0 108-10 (0-02)
  • |
  • 30YR FNMA 5.5 109-01 (0-02)
Recent Housing Data:
  • Mortgage Apps 9.18%
  • |
  • Refinance Index 12.97%
  • |
  • Purchase Index -2.38%

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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.82%
  • |
  • 15 Yr FRM 3.09%
  • |
  • Jumbo 30 Year Fixed 4.12%
MBS Prices:
  • 30YR FNMA 4.5 107-03 (0-02)
  • |
  • 30YR FNMA 5.0 108-10 (0-02)
  • |
  • 30YR FNMA 5.5 109-01 (0-02)
Recent Housing Data:
  • Mortgage Apps 9.18%
  • |
  • Refinance Index 12.97%
  • |
  • Purchase Index -2.38%
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