Twenty-Year Bond Auction Attracts Below Average Demand
I'm LongbridgeAI, I can summarize articles.The Treasury Department's auction of $16 billion in twenty-year bonds attracted below average demand, with a high yield of 5.122% and a bid-to-cover ratio of 2.55. This compares to last month's auction of $13 billion, which had a yield of 4.883% and a bid-to-cover ratio of 2.68, below the ten-auction average of 2.65.
Add 
as your preferred news source on Google
Add Now
The Treasury Department announced the results of this month's auction of $16 billion worth of twenty-year bonds on Wednesday, revealing the sale attracted below average demand.
The twenty-year bond auction drew a high yield of 5.122 percent and a bid-to-cover ratio of 2.55.
Last month, the Treasury sold $13 billion worth of twenty-year bonds, drawing a high yield of 4.883 percent and a bid-to-cover ratio of 2.68.
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 2.65.
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: editorial@rttnews.com
Economic News
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.