Category: auctions
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Property auctions surge as defaults hit Sh674bn
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In a yard in Nairobi, cars are piled up waiting for bids at auctions where there have not been enough buyers recently, a growing problem in Kenya as loan defaults hit a new 18-year high in August. The resilient economy and expensive loans have created a growing number of distressed…
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ACV auctions executive sells $1.5 million in company stock By Investing.com
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According to a recent filing with the Securities and Exchange Commission, Michael Waterman, chief sales officer of ACV Auctions Inc. (NASDAQ:ACVA), sold 75,000 shares of the company’s stock. The shares were sold on September 17, 2024, at an average price of $20.24, for a total net proceeds of approximately $1.5…
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US Treasury auctions $58B of 3 year notes at a high yield of 3.440%
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High yield:3.440% WI level at auction time: 3.457% tail: -1.7 bs Average of six auctions: 0.1 basis points Show Coverage: 2.66X Merchants:10.45% Direct (local demand measure):11.3% Indirect (international demand measure):78.24% Auction Grade: A details: International buyers were in attendance and outperformed other bidders. International buyers received 78.24%. This was well…
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US treasury auctions off $13 billion of 20 year bonds at a high yield of 4.466%
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High return 4.466% (last month was slightly lower at 4.452%) WI level at auction time 4.467% Tail -0.1 bp vs 6-month average -0.6 bp Coverage offered at 2.68X vs. 6-month average of 2.63X Traders 8.47% vs. 6-month average 12.1% Directed 14.32% vs. 6-month average of 18.2% Indirect 77.2% vs. 6-month…
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Dollar rebounds as equities dip, eyes on Treasury auctions By Investing.com
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Investing.com – On Wednesday, the DXY index rose past the 105 mark. This move sparked debates among market watchers about whether this signifies the beginning of a new upward trend or is merely a continuation of range trading amid a period of low volatility. The recent pattern of weak results…
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U.S. Treasury auctions off $70 billion of five-year notes at a high yield of 4.553%
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High yield 4.553% WI level at option time 4.540% Tail: +1.3 basis points versus six averages. -0.1 pressure point Bid to cover: 2.3X versus a six-month average of 2.41X Traders: 19.52% vs. six-month average of 16.0% Direct: 15.44% vs. six-month average of 17.9% Indirect investments: 65.04% vs. six-month average of…
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US to hold auctions to sell airline warrants received during COVID bailouts By Reuters
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Written by David Shepardson WASHINGTON (Reuters) – The U.S. Treasury Department said on Friday it plans to hold a series of auctions to sell stock warrants in U.S. airlines it received after Congress approved $54 billion in aid for air carriers in 2020 and 2021 due to the coronavirus. Of…