Treasury Announces Details Of This Month's Twenty-Year Bond Auction
(RTTNews) - The Treasury Department announced the details of this month's auction of twenty-year bonds on Thursday.
The Treasury revealed it plans to sell $22 billion worth of twenty-year bonds, with the results due to be announced next Wednesday.
Last month, the Treasury also sold $22 billion worth of twenty-year bonds, drawing a high yield of 1.213 percent and a bid-to-cover ratio of 2.39.
The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.
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