Financial News: Treasury Announces Details Of Twenty-Year Bond Auction

Treasury Announces Details Of Twenty-Year Bond Auction

11/14/2024 - 11:13:00 (RTTNews)

(RTTNews) - The Treasury Department on Thursday announced the details of this month's auction of twenty-year bonds.

The Treasury revealed plans to sell $16 billion worth of twenty-year bonds, with the results of the auction due to be announced next Wednesday.

Last month, the Treasury sold $13 billion worth of twenty-year bonds, attracting roughly average demand.

The twenty-year bond auction drew a high yield of 4.590 percent and a bid-to-cover ratio of 2.59, while the ten previous twenty-year bond auctions had an average bid-to-cover ratio of 2.61.

The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Powell Says Fed Doesn't Need To Be In A Hurry To Lower Rates (01 hr(s), 52 min(s), 25 sec(s) ago)
(RTTNews) - Following the Federal Reserve's decision to lower interest rates by a quarter poin ...Full Story»

Treasury Announces Details Of Twenty-Year Bond Auction (06 hr(s), 01 min(s), 25 sec(s) ago)
(RTTNews) - The Treasury Department on Thursday announced the details of this month's auction ...Full Story»

U.S. Crude Oil Inventories Climb More Than Expected (06 hr(s), 07 min(s), 25 sec(s) ago)
(RTTNews) - A report released by the Energy Information Administration on Thursday showed crude oi ...Full Story»

U.S. Jobless Claims Unexpectedly Dip To Nearly Six-Month Low (07 hr(s), 34 min(s), 25 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ...Full Story»

U.S. Producer Prices Rise 0.2% In October, In Line With Estimates (07 hr(s), 39 min(s), 25 sec(s) ago)
(RTTNews) - After yesterday's consumer price inflation data matched expectations, the Labor De ...Full Story»

U.S. Producer Prices Increase In Line With Estimates In October (08 hr(s), 34 min(s), 25 sec(s) ago)
(RTTNews) - After yesterday's consumer price inflation data matched expectations, the Labor De ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Edge Lower (08 hr(s), 39 min(s), 25 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ...Full Story»

Eurozone GDP Growth Confirmed At 0.4%; Employment Rises (09 hr(s), 33 min(s), 25 sec(s) ago)
(RTTNews) - The euro area economy expanded as initially estimated in the third quarter and employm ...Full Story»