See also
Kicking off this week's series of announcements of the results of its long-term securities auctions, the treasury Department on Monday revealed this month's auction of $58 billion worth of three-year notes attracted modestly below average demand.
The three-year note auction drew a high yield of 3.824 percent and a bid-to-cover ratio of 2.56.
The Treasury also sold $58 billion worth of three-year notes last month, drawing a high yield of 3.784 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 three-year note auctions had an average bid-to-cover ratio of 2.61.
The Treasury is scheduled to announce the results of this month's auctions of $42 billion worth of ten-year notes and $25 billion worth of thirty-year bonds on Tuesday and Thursday, respectively.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
