Financial News: Three-Year Note Auction Attracts Average Demand

Three-Year Note Auction Attracts Average Demand

12/10/2024 - 13:28:00 (RTTNews)

(RTTNews) - The Treasury Department kicked off this week's series of announcements of the results of its long-term securities auctions on Tuesday, revealing this month's sale of $58 billion worth of three-year notes attracted average demand.

The three-year note auction drew a high yield of 4.117 percent and a bid-to-cover ratio of 2.58.

Last month, the Treasury also sold $58 billion worth of three-year notes, drawing a high yield of 4.152 percent and a bid-to-cover ratio of 2.60.

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 three-year note auctions had an average bid-to-cover ratio of 2.57.

The Treasury is due to announce the results of this month's auctions of $39 billion worth of ten-year notes and $22 billion worth of thirty-year bonds on Wednesday and Thursday, respectively.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

UK Manufacturers Expect Output To Fall Further: CBI (19 min(s), 59 sec(s) ago)
(RTTNews) - UK manufacturers expect output to decline further in the coming three months, the late ...Full Story»

South Africa Wholesale Sales Plunge 7.3% (45 min(s), 59 sec(s) ago)
(RTTNews) - South Africa's wholesale trade declined sharply in November after a strong rebound ...Full Story»

Turkey Central Bank Slashes Rate For Second Straight Time (01 hr(s), 07 min(s), 59 sec(s) ago)
(RTTNews) - Turkey's central bank slashed its benchmark rate by 250 basis points for the secon ...Full Story»

Belgium Consumer Confidence Weakens Further (01 hr(s), 07 min(s), 59 sec(s) ago)
(RTTNews) - Belgian consumers continued to express more pessimistic attitudes at the start of the ...Full Story»

Hungary Wage Growth Eases In November (01 hr(s), 38 min(s), 59 sec(s) ago)
(RTTNews) - Hungary's average gross earnings growth moderated in November after accelerating i ...Full Story»

Poland Retail Sales Growth Slows To 1.9% (02 hr(s), 07 min(s), 59 sec(s) ago)
(RTTNews) - Poland's retail sales expanded at a slower-than-expected pace in December, figures ...Full Story»

Norway Central Bank Holds Rate; Set To Loosen Policy In March (02 hr(s), 47 min(s), 59 sec(s) ago)
(RTTNews) - Norway's central bank left its key interest rate unchanged as widely expected on T ...Full Story»

Taiwan Industrial Output Growth Quickens, Retail Sales Rise For Second Month (03 hr(s), 43 min(s), 59 sec(s) ago)
(RTTNews) - Taiwan's industrial production expanded at an accelerated pace at the end of the y ...Full Story»