Seven-Year Note Auction Attracts Slightly Above Average Demand

Trading 26 fév 2019 Donner votre avis

Following yesterday's auctions of two-year and five-year notes, the Treasury Department finished off this week's series of long-term securities auctions with the sale of $32 billion worth of seven-year notes on Tuesday, attracting slightly above average demand.

The seven-year note auction drew a high yield of 2.538 percent and a bid-to-cover ratio of 2.60.

The Treasury also sold $32 billion worth of seven-year notes last month, drawing a high yield of 2.625 percent and a bid-to-cover ratio of 2.54.

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 seven-year note auctions had an average bid-to-cover ratio of 2.53.

Today's seven-year note auction came after the Treasury sold $40 billion worth of two-year notes and $41 billion worth of five-year notes on Monday.

The material has been provided by InstaForex Company -

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