Interest Rates: Federal Reserve Auction Yields .25% Rate

by Widgette.com
On January 26, 2009, the Federal Reserve conducted an auction of $150 billion in 84-day credit through its Term Auction Facility. Following are the results of the auction:
Stop-out rate: 0.250 percent
Total propositions submitted: $136.051 billion
Total propositions accepted: $136.051 billion
Bid/cover ratio: 0.91
Number of bidders: 102
The awarded loans will settle on January 29, 2009, and will [...]

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