The Treasury Division continued this week’s collection of bulletins of the outcomes of its long-term securities auctions on Wednesday, revealing this month’s public sale of $70 billion price of five-year notes attracted common demand.
The five-year observe public sale drew a excessive yield of 4.121 p.c and a bid-to-cover ratio of two.40.
Final month, the Treasury additionally bought $70 billion price of five-year notes, drawing a excessive yield of 4.331 p.c and a bid-to-cover ratio of two.35.
The bid-to-cover ratio is a measure of demand that signifies the quantity of bids for every greenback price of securities being bought.
The ten earlier five-year observe auctions had a median bid-to-cover ratio of two.40.
On Tuesday, the Treasury revealed this month’s public sale of $69 billion price of two-year notes attracted nicely above common demand.
The Treasury is because of end off this week’s collection of bulletins of the outcomes of its long-term securities public sale on Thursday with the reveal of the outcomes of this month’s public sale of $44 billion price of seven-year notes.
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