Read more

After yesterday’s announcement of the results of its three-year note auction, the Treasury Department revealed on Wednesday that its auction of $41 billion worth of ten-year notes attracted modestly below average demand.

The ten-year note auction drew a high yield of 1.155 percent and a bid-to-cover ratio of 2.37.

The Treasury sold $38 billion worth of ten-year notes last month, drawing a high yield of 1.164 percent and a bid-to-cover ratio of 2.47.

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 ten-year note auctions had an average bid-to-cover ratio of 2.43.

On Thursday, the Treasury is due to announce the results of this month’s auction of $27 billion worth of thirty-year bonds.


(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “https://connect.facebook.net/en_US/sdk/xfbml.customerchat.js”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));

LEAVE A REPLY

Please enter your comment!
Please enter your name here