The Treasury Department announced the results of this month’s auction of $13 billion worth of twenty-year bonds on Wednesday, revealing the sale attracted 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.
Last month, the Treasury also sold $13 billion worth of twenty-year bonds, drawing a high yield of 4.039 percent and a bid-to-cover ratio of 2.51.
The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.
The ten previous twenty-year bond auctions had an average bid-to-cover ratio of 2.61.
On Thursday, the Treasury is scheduled to announce the details of this month’s auctions of two-year, five-year and seven-year notes.
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.
