Kicking off this week’s sequence of bulletins of the outcomes of its long-term securities auctions, the Treasury Division on Monday revealed this month’s public sale of $69 billion value of two-year notes attracted above common demand.
The 2-year notice public sale drew a excessive yield of 4.274 % and a bid-to-cover ratio of two.77.
Final month, the Treasury additionally offered $69 billion value of two-year notes, drawing a excessive yield of 4.130 % and a bid-to-cover ratio of two.50.
The bid-to-cover ratio is a measure of demand that signifies the quantity of bids for every greenback value of securities being offered.
The ten earlier two-year notice auctions drew a excessive yield of two.61.
The Treasury is because of announce the outcomes of this month’s auctions of $70 billion value of five-year notes and $44 billion value of seven-year notes on Tuesday and Wednesday, respectively.
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