Financial News: Twenty-Year Bond Auction Attracts Well Below Average Deman

Twenty-Year Bond Auction Attracts Well Below Average Demand

11/20/2024 - 13:09:00 (RTTNews)

(RTTNews) - The Treasury Department announced the results of this month's auction of $16 billion worth of twenty-year bonds on Wednesday, revealing the sale attracted well below average demand.

The twenty-year bond auction drew a high yield of 4.680 percent and a bid-to-cover ratio of 2.34.

Last month, the Treasury sold $13 billion worth of twenty-year bonds, drawing a high yield of 4.590 percent and a 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.

The ten previous twenty-year bond auctions had an average bid-to-cover ratio of 2.61.

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

Hong Kong Inflation Eases To 1.4%, Lowest In 5 Months (01 hr(s), 17 min(s), 01 sec(s) ago)
(RTTNews) - Hong Kong's consumer price inflation softened further in October to the lowest lev ...Full Story»

French Manufacturing Confidence Improves In November (02 hr(s), 0 min(s),01 sec(s) ago)
(RTTNews) - The confidence among French manufacturers rebounded partially in November after weaken ...Full Story»

Europe New Car Sales Recover In October (02 hr(s), 31 min(s), 01 sec(s) ago)
(RTTNews) - Europe's new car registrations increased in October after two consecutive declines ...Full Story»

Mainland Norway's GDP Expands 0.5% In Q3 (02 hr(s), 46 min(s), 01 sec(s) ago)
(RTTNews) - The Mainland Norwegian economy expanded more than expected in the third quarter, figu ...Full Story»

Dutch Consumer Confidence Weakens, Jobless Rate Remains Stable (03 hr(s), 55 min(s), 01 sec(s) ago)
(RTTNews) - Consumers in the Netherlands remained somewhat more negative in November, while the un ...Full Story»

European Economic News Preview: UK Public Sector Finance Data Due (01 min(s), 59 sec(s) ago)
(RTTNews) - Public sector finances from the UK and new car registrations data from Europe are due ...Full Story»

New Zealand Credit Card Data Due On Thursday (03 min(s), 59 sec(s) ago)
(RTTNews) - New Zealand will on Thursday release October figures for credit card spending, highlig ...Full Story»

Twenty-Year Bond Auction Attracts Well Below Average Demand (38 min(s), 59 sec(s) ago)
(RTTNews) - The Treasury Department announced the results of this month's auction of $16 billi ...Full Story»