empty
 
 

2014.04.2414:20:00UTC+00Treasury Auctions $29 Billion Worth Of Seven-Year Notes

Finishing off this week's series of long-term securities auctions, the Treasury Department sold $29 billion worth of seven-year notes on Thursday.

The seven-year note auction drew a high yield of 2.317 percent and a bid-to-cover ratio of 2.60.

The Treasury also sold $29 billion worth of seven-year note last month, drawing a high yield of 2.258 percent and a bid-to-cover ratio of 2.59.

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 2.55.

Today's seven-year note auction came after the Treasury sold $32 billion worth of two-year notes on Tuesday and $35 billion worth of five-year notes on Wednesday.

  • 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