Five-Year Note Auction Attracts Above Average Demand

Trading 28 avr 2020 Donner votre avis

After announcing the results of its two-year note auction earlier on Monday, the Treasury Department revealed that its auction of $43 billion worth of five-year notes attracted above average demand.

The five-year note auction drew a high yield of 0.394 percent and a bid-to-cover ratio of 2.71.

The Treasury sold $41 billion worth of five-year notes last month, drawing a high yield of 0.535 percent and a bid-to-cover ratio of 2.53.

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 five-year note auctions had an average bid-to-cover ratio of 2.41.

The Treasury revealed earlier in the day that its auction of $42 billion worth of two-year notes attracted strong demand.

Looking ahead, the Treasury is due to announce the results of its auction of $35 billion worth of seven-year notes on Tuesday.


The material has been provided by InstaForex Company - www.instaforex.com

Fatal error: Uncaught Exception: 12: REST API is deprecated for versions v2.1 and higher (12) thrown in /var/www/forex-winner.com/htdocs/wp-content/plugins/seo-facebook-comments/facebook/base_facebook.php on line 1039