Financial News: Twenty-Year Bond Auction Attracts Below Average Demand

Twenty-Year Bond Auction Attracts Below Average Demand

12/17/2024 - 13:08:00 (RTTNews)

(RTTNews) - The Treasury Department announced the results of this month's auction of $13 billion worth of twenty-year bonds on Tuesday, revealing the sale attracted 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.

Last month, the Treasury sold $16 billion worth of twenty-year bonds, drawing a high yield of 4.680 percent and a bid-to-cover ratio of 2.34.

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 twenty-year bond auctions had an average bid-to-cover ratio of 2.59.

On Thursday, the Treasury is due to announce the details of this month's auctions of two-year, five-year and seven-year notes.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Dutch Consumers More Pessimistic In January (12 min(s), 15 sec(s) ago)
(RTTNews) - Dutch consumers remained slightly more negative at the start of the year as the assess ...Full Story»

Singapore Inflation Steady At 1.6% (34 min(s), 15 sec(s) ago)
(RTTNews) - Singapore's consumer price inflation held steady at the end of the year, data publ ...Full Story»

European Economic News Preview: France Business Sentiment Data Due (01 hr(s), 10 min(s), 15 sec(s) ago)
(RTTNews) - Business sentiment from France and Industrial Trends survey from the UK are the top ec ...Full Story»

South Korea Q4 GDP Climbs 0.1% On Quarter (37 min(s), 45 sec(s) ago)
(RTTNews) - South Korea's gross domestic product improved a seasonally adjusted 0.1 percent on ...Full Story»

Japan Has Y130.936 Billion Trade Surplus (58 min(s), 45 sec(s) ago)
(RTTNews) - Japan posted a seasonally adjusted merchandise trade surplus of 130.936 billion yen in ...Full Story»

South Korea GDP Rises 0.1% In Q4 (25 min(s), 45 sec(s) ago)
(RTTNews) - South Korea's gross domestic product expanded a seasonally adjusted 0.1 percent on ...Full Story»

South Korea GDP Data Due On Thursday (16 min(s), 45 sec(s) ago)
(RTTNews) - South Korea will on Thursday release preliminary Q4 numbers for gross domestic product ...Full Story»

Ireland Property Price Inflation Slows For Third Month (32 min(s), 45 sec(s) ago)
(RTTNews) - Residential property price inflation in Ireland eased for the third month in a row in ...Full Story»