The Treasury Department announced the results of this month’s auction of $22 billion worth of twenty-year bonds on Wednesday.
The twenty-year bond auction drew a high yield of 1.370 percent and a bid-to-cover ratio of 2.43.
Last month, the Treasury also sold $22 billion worth of twenty-year bonds, drawing a high yield of 1.213 percent and a bid-to-cover ratio of 2.39.
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 material has been provided by InstaForex Company – www.instaforex.com
- Australia Construction Work Falls 2.6% In Q3 - November 24, 2020
- *Australia Construction Work Done -2.6% On Quarter In Q3 - November 24, 2020
- South Korea Business Confidence Rises In November – BoK - November 24, 2020