Financial News: Two-Year Note Auction Attracts Average Demand

Two-Year Note Auction Attracts Average Demand

03/25/2025 - 13:17:00 (RTTNews)

(RTTNews) - Kicking off this week's series of announcements of the results of its long-term securities auctions, the Treasury Department on Tuesday revealed this month's auction of $69 billion worth of two-year notes attracted average demand.

The two-year note auction drew a high yield of 3.984 percent and a bid-to-cover ratio of 2.66.

Last month, the Treasury also sold $69 billion worth of two-year notes, drawing a high yield of 4.169 percent and a bid-to-cover ratio of 2.56.

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 two-year note auctions drew a high yield of 2.65.

The Treasury is due to announce the results of this month's auctions of $70 billion worth of five-year notes and $44 billion worth of seven-year notes on Wednesday and Thursday, respectively.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Eurozone Inflation Expectations Unchanged: ECB Survey (35 min(s), 36 sec(s) ago)
(RTTNews) - Euro area consumers' inflation expectations for the next 12 months and three years ...Full Story»

German Unemployment Rate Rises In March (49 min(s), 36 sec(s) ago)
(RTTNews) - German unemployment increased more than expected in March as economic downturn continu ...Full Story»

Mexico Jobless Rate Falls To 2.5% (45 min(s), 36 sec(s) ago)
(RTTNews) - Mexico's unemployment rate decreased in February after rising in the previous mont ...Full Story»

U.S. Consumer Sentiment Slumps More Than Previously Estimated In March (22 min(s), 36 sec(s) ago)
(RTTNews) - Consumer sentiment in the U.S. fell by more than previously estimated in the month of ...Full Story»

Brazil Jobless Rate Rises To 6.8% (21 min(s), 36 sec(s) ago)
(RTTNews) - Brazil's unemployment rate decreased in the three months ending February, figures ...Full Story»

N. Macedonia Retail Sales Rise 1.2% In February (04 min(s), 36 sec(s) ago)
(RTTNews) - Retail sales in North Macedonia grew in February led by the increased demand for food ...Full Story»

Ireland Retail Sales Rise 0.7% (53 min(s), 36 sec(s) ago)
(RTTNews) - Ireland's retail sales increased in February after remaining flat in the previous ...Full Story»

Cyprus Industrial Production Growth Improves In January (44 min(s), 36 sec(s) ago)
(RTTNews) - Cyprus' industrial production rose for a second straight month and at a faster pac ...Full Story»