Financial News: Thirty-Year Bond Auction Attracts Average Demand

Thirty-Year Bond Auction Attracts Average Demand

04/11/2024 - 13:09:00 (RTTNews)

(RTTNews) - Announcing the results of this month's auction of $22 billion worth of thirty-year bonds on Thursday, the Treasury Department revealed the sale attracted average demand.

The thirty-year bond auction drew a high yield of 4.671 percent and a bid-to-cover ratio of 2.37.

The Treasury also sold $22 billion worth of thirty-year bonds last month, drawing a high yield of 4.331 percent and a bid-to-cover ratio of 2.47.

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 thirty-year bond auctions had an average bid-to-cover ratio of 2.39.

Earlier this week, the Treasury revealed this month's auctions of $58 billion worth of three-year notes and $39 billion worth of ten-year notes attracted below average demand.

The Treasury announced the details of this month's twenty-year bonds auction earlier in the day, revealing plans to sell $13 billion worth of twenty-year bonds.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Norges Bank Keeps Policy Rate Steady At 4.50% (02 hr(s), 20 min(s), 37 sec(s) ago)
(RTTNews) - The Norwegian central bank maintained its key interest rate for the third straight dec ...Full Story»

U.S. Service Sector Activity Contracts For First Time Since December 2022 (02 hr(s), 41 min(s), 37 sec(s) ago)
(RTTNews) - After growing for fifteen consecutive months, U.S. service sector activity unexpectedl ...Full Story»

Eurozone Unemployment Rate Steady At 6.5% For Fifth Month (02 hr(s), 59 min(s), 37 sec(s) ago)
(RTTNews) - Euro area jobless rate remained unchanged at a record low for the fifth month in a row ...Full Story»

U.S. Services PMI Unexpectedly Indicates Contraction In April (03 hr(s), 04 min(s), 37 sec(s) ago)
(RTTNews) - After growing for fifteen consecutive months, U.S. service sector activity unexpectedl ...Full Story»

U.S. Job Growth Falls Short Of Estimates In April, Unemployment Rate Ticks Higher (03 hr(s), 48 min(s), 37 sec(s) ago)
(RTTNews) - After reporting stronger than expected job growth over the past several months, the La ...Full Story»

U.S. Employment Climbs Much Less Than Expected In April (04 hr(s), 36 min(s), 37 sec(s) ago)
(RTTNews) - After reporting stronger than expected job growth over the past several months, the La ...Full Story»

Turkey Inflation Rises Further To 17-Month High (05 hr(s), 01 min(s), 37 sec(s) ago)
(RTTNews) - Turkey's consumer price inflation increased further in April to the highest level ...Full Story»

Italy Jobless Rate Falls To 7.2%, Lowest In Over 15 Years (06 hr(s), 22 min(s), 37 sec(s) ago)
(RTTNews) - Italy's unemployment rate decreased to the lowest level in more than fifteen years ...Full Story»