Seven-Year Note Auction Attracts Strong Demand

Trading 27 mar 2020 Donner votre avis

After announcing the results of its two-year and five-year note auctions earlier this week, the Treasury Department revealed Thursday that this month's auction of $32 billion worth of seven-year notes attracted well above average demand.

The seven-year note auction drew a high yield of 0.680 percent and a bid-to-cover ratio of 2.76.

Last month, the Treasury also sold $32 billion worth of seven-year notes, drawing a high yield of 1.247 percent and a bid-to-cover ratio of 2.49.

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 2.39.

Earlier this week, the Treasury revealed its auction of $40 billion worth of two-year notes attracted below average demand, while its auction of $41 billion worth of five-year notes attracted above average demand.


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