<div id="readability-page-1" class="page"><div id="ctl00_CPI_dvBody"><div><div><p>Add <img src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/RTTNews-Logo-224x61.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/RTTNews-Logo-224x61.png"/> as your preferred news source on Google</p><div><p><img src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/google.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/google.png"/> Add Now</p></div></div></div><p> Continuing this week's series of announcements of the results of its long-term securities auctions, the Treasury Department on Wednesday revealed this month's auction of $39 billion worth of ten-year notes attracted below average demand.</p><p>The five-year note auction drew a high yield of 4.217 percent and a bid-to-cover ratio of 2.45.</p><p>Last month, the Treasury sold $42 billion worth of ten-year notes, drawing a high yield of 4.177 percent and a bid-to-cover ratio of 2.39.</p><p>The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.</p><p>The ten previous ten-year note auctions had an average bid-to-cover ratio of 2.51.</p><p>On Tuesday, the Treasury revealed this month's auction of $58 billion worth of three-year notes also attracted below average demand.</p><p>The Treasury is due to announce the results of this month's auction of $22 billion worth of thirty-year bonds on Thursday. </p><p>For comments and feedback contact: editorial@rttnews.com</p><p>Economic News</p><p><b>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.</b></p></div></div>

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<p>The Treasury Department announced that its recent auction of $39 billion in ten-year notes attracted below average demand, with a bid-to-cover ratio of 2.45, compared to the previous month's 2.39. The high yield for the ten-year notes was 4.177 percent. This follows a similar trend in the auction of $58 billion in three-year notes, which also saw below average demand. The results for the thirty-year bonds auction are expected to be announced soon.</p>

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Ten-Year Note Auction Attracts Below Average Demand