The Treasury Department on Thursday announced the details of this month’s auction of twenty-year bonds.
The Treasury revealed plans to sell $16 billion worth of twenty-year bonds, with the results of the auction due to be announced next Wednesday.
Last month, the Treasury sold $13 billion worth of twenty-year bonds, attracting roughly average demand.
The twenty-year bond auction drew a high yield of 4.590 percent and a bid-to-cover ratio of 2.59, while the ten previous twenty-year bond auctions had an average bid-to-cover ratio of 2.61.
The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.
For comments and feedback contact: [email protected]
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
