MBS UPDATE: AUCTION RESULTS

By: Matthew Graham • Wed, Sep 9 2009, 1:02 PM

10 yr Auction Results

2.77 Bid To Cover
High Yield 3.51
78% taken at high
Indirect Bid at $ 11 bln good for 55% indirect bid

more to follow as it becomes necessary. The btc is good. the high yield is good. The indirect bid is good. No major reaction from markets in the first few moments.