Two-Year Note Auction Attracts Below Average Demand

Trading 25 fév 2019 Donner votre avis

The Treasury Department kicked off this week's series of long-term securities auctions with the sale of $40 billion worth of two-year notes on Monday, attracting below average demand.

The two-year note auction drew a high yield of 2.503 percent and a bid-to-cover ratio of 2.50.

Last month, the Treasury also sold $40 billion worth of two-year notes, drawing a high yield of 2.600 percent and a bid-to-cover ratio of 2.56.

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 two-year note auctions had an average bid-to-cover ratio of 2.68.

Looking ahead, the Treasury is also due to sell $41 billion worth of five-year notes today and $32 billion worth of seven-year notes on Tuesday.

The material has been provided by InstaForex Company -

Fatal error: Uncaught Exception: 12: REST API is deprecated for versions v2.1 and higher (12) thrown in /var/www/ on line 1039