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

U.S. Leading Economic Index Falls Slightly More Than Expected In October (13 min(s), 47 sec(s) ago)
(RTTNews) - A reading on leading U.S. economic indicators fell by slightly more than expected in t ...Full Story»

U.S. Existing Home Sales Rebound More Than Expected In October (32 min(s), 47 sec(s) ago)
(RTTNews) - Existing home sales in the U.S. rebounded by more than expected in the month of Octobe ...Full Story»

Philly Fed Index Unexpectedly Indicates Contraction In November (01 hr(s), 03 min(s), 47 sec(s) ago)
(RTTNews) - A report released by the Federal Reserve Bank of Philadelphia on Thursday said regiona ...Full Story»

U.S. Weekly Claims Dip To Lowest Level In Over Six Months (01 hr(s), 06 min(s), 47 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday unexpectedly showing a modest decre ...Full Story»

South African Reserve Bank Cuts Policy Rate To 7.75% (01 hr(s), 29 min(s), 47 sec(s) ago)
(RTTNews) - South Africa's central bank slashed its key interest rate for a second policy sess ...Full Story»

Philly Fed Index Unexpectedly Turns Negative In November (02 hr(s), 06 min(s), 47 sec(s) ago)
(RTTNews) - A report released by the Federal Reserve Bank of Philadelphia on Thursday said regiona ...Full Story»

U.S. Weekly Claims Unexpectedly Dip To 213,000 (02 hr(s), 12 min(s), 47 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday unexpectedly showing a modest decre ...Full Story»

Fed's Barkin Warns U.S. Vulnerable To Inflation Shocks - FT (02 hr(s), 46 min(s), 47 sec(s) ago)
(RTTNews) - The U.S. economy is now more vulnerable to inflation shocks than it was in the past, F ...Full Story»