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The US treasury market reaches breaking point

The US treasury market reaches breaking point

The structural issue that could cause the world's market of last resort to grind to a halt

No. 6: If you don’t give it to me you’ll only lend it to someone else and look where that got us

Tuesday, May 13, 2008

Finance ministry to offer PLN 1.2bn in WS0922 T-bonds on Wednesday.





Finance ministry to offer PLN 1.2bn in WS0922 T-bonds on Wednesday. The finance ministry will offer PLN 1.2bn in 20-year fixed-rate series WS0922 (now with 14-year maturity) Treasury bonds at an auction on Wednesday (May 14). Earlier, the ministry said it would offer PLN 1.0-2.5bn of these papers. At the last auction for these securities held in January, the ministry sold the whole PLN 1.5bn offer plus PLN 0.3bn at a supplementary auction. Investors’ demand reached PLN 5.59bn and PLN 0.30bn, respectively. The minimal price of the bonds was PLN 993.51, the average price was PLN 995.01, and average yield - 5.794%. ISB, tom







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