Finishing off this week's series of long-term securities auctions, the Treasury Department sold $28 billion worth of seven-year notes on Wednesday, drawing slightly above average demand.
The seven-year note auction drew a high yield of 2.215 percent and a bid-to-cover ratio of 2.56.
Last month, the Treasury also sold $28 billion worth of seven-year notes, drawing a high yield of 2.197 percent and a bid-to-cover ratio of 2.49.
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 2.51.
Today's seven-year note auction came after the Treasury sold $26 billion worth of two-year notes on Monday and $34 billion worth of five-year notes on Tuesday.
The material has been provided by InstaForex Company - www.instaforex.com
March 29, 2017 at 10:43PM
http://ift.tt/2nw25Fe
from
http://ift.tt/2nw25Fe
No comments:
Post a Comment