Financial News: Five-Year Note Auction Attracts Average Demand

Five-Year Note Auction Attracts Average Demand

04/23/2025 - 13:13:00 (RTTNews)

(RTTNews) - Continuing this week's series of announcements of the results of its long-term securities auctions, the Treasury Department on Wednesday revealed this month's auction of $70 billion worth of five-year notes attracted average demand.

The five-year note auction drew a high yield of 3.995 percent and a bid-to-cover ratio of 2.41.

The Treasury also sold $70 billion worth of five-year notes last month, drawing a high yield of 4.100 percent and a bid-to-cover ratio of 2.33.

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 five-year note auctions had an average bid-to-cover ratio of 2.39.

On Tuesday, the Treasury Department revealed this month's auction of $69 billion worth of two-year notes attracted below average demand.

The Treasury is scheduled to announce the results of this month's auction of $44 billion worth of seven-year notes on Thursday.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Five-Year Note Auction Attracts Average Demand (04 hr(s), 27 min(s), 20 sec(s) ago)
(RTTNews) - Continuing this week's series of announcements of the results of its long-term sec ...Full Story»

U.S. Crude Oil Inventories Unexpectedly Inch Higher (07 hr(s), 04 min(s), 20 sec(s) ago)
(RTTNews) - The Energy Information Administration released a report on Wednesday unexpectedly show ...Full Story»

U.S. New Home Sales Surge Much More Than Expected In March (07 hr(s), 24 min(s), 20 sec(s) ago)
(RTTNews) - New home sales in the U.S. surged by much more than expected in the month of March, ac ...Full Story»

Eurozone Private Sector Activity Moves Closer To Stagnation (08 hr(s), 13 min(s), 20 sec(s) ago)
(RTTNews) - The euro area private sector moved closer to stagnation in April as activity was held ...Full Story»

Poland Retail Sales Fall 0.3% (08 hr(s), 48 min(s), 20 sec(s) ago)
(RTTNews) - Poland's retail sales decreased for the second straight month in March, figures fr ...Full Story»

Eurozone Construction Output Falls 0.5% (09 hr(s), 39 min(s), 20 sec(s) ago)
(RTTNews) - Eurozone construction output decreased for the first time in five months in February, ...Full Story»

Eurozone Trade Surplus Grows In February (09 hr(s), 55 min(s), 20 sec(s) ago)
(RTTNews) - The euro area trade surplus increased in February from a year ago as exports grew fast ...Full Story»

Hong Kong Inflation Remains Stable In March (10 hr(s), 11 min(s), 20 sec(s) ago)
(RTTNews) - Hong Kong's consumer price inflation held steady in March after easing in the prev ...Full Story»