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

Treasury Reveals Details Of Twenty-Year Bond Auction

01/16/2025 - 11:25:00 (RTTNews)

(RTTNews) - The Treasury Department on Thursday revealed the details of the first auction of twenty-year bonds of the new year.

The Treasury announced plans to sell $13 billion worth of twenty-year bonds, with the results of the auction due to be announced next Wednesday.

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

The twenty-year bond auction drew a high yield of 4.686 percent and a bid-to-cover ratio of 2.50, while the ten previous twenty-year bond auctions had an average bid-to-cover ratio of 2.59.

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

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