empty
 
 

2019.09.1013:23:00UTC+00Three-Year Note Auction Attracts Below Average Demand

The Treasury Department announced the results of its auction of $38 billion worth of three-year notes on Tuesday, revealing the auction attracted below average demand.

The three-year note auction drew a high yield of 1.573 percent and a bid-to-cover ratio of 2.42.

Last month, the Treasury also sold $38 billion worth of three-year notes, drawing a high yield of 1.562 percent and a bid-to-cover ratio of 2.41.

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 three-year note auctions had an average bid-to-cover ratio of 2.50.

Looking ahead, the Treasury is due to announce the results of its auctions of $24 billion worth of ten-year notes and $16 billion worth of thirty-year bonds on Wednesday and Thursday, respectively.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback