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Friday, August 18, 2006

AWS-1 Day 7 Summary

Unfortunately, I was out and about yesterday evening and unable to analyse the days activities. I will catch-up this weekend.

In brief, it looks as if bidding was slow with the differentials further declining and a lack of activity in the "F" band. Mind you the US Treasury still managed to earn US$768,724,100 to take Total Net Bids to US$10,890,284,600

Of the major's Cingular appears to have dropped its' bidding units further. Of the medium players, it looks as if Charles Dolan is pulling out.

I expect today to be another quiet one with everyone looking forward to the weekend which will give an opportunity for the players to potentially revise strategy and decide upon how they are going to play their cards in the end game.