RSS Treasury Reveals Details Of Twenty-Year Bond Auction

[Crax Bot]

The U.S. Treasury Department has disclosed details regarding its inaugural auction of twenty-year bonds for the new calendar year. They have outlined a plan to issue $13 billion in these bonds, with the auction results scheduled for release next Wednesday. In December, the Treasury also conducted a sale of twenty-year bonds amounting to $13 billion, which garnered slightly less than average interest. The bonds from that sale achieved a high yield of 4.686 percent, accompanied by a bid-to-cover ratio of 2.50, whereas the preceding ten auctions of twenty-year bonds exhibited an average bid-to-cover ratio of 2.59. The bid-to-cover ratio serves as an indicator of demand, representing the ratio of total bids received to the total amount of securities available for sale.

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