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Treasury Auctions $13 Billion In Thirty-Year Bonds

The Treasury Department sold $13 billion worth of thirty-year bonds on Thursday, finishing off this week's series of long-term securities auctions.

The thirty-year bond auction drew a high yield of 3.23 percent and a bid-to-cover ratio of 2.76.

Last month, the Treasury also sold $13 billion worth of thirty-year bonds, drawing a high yield of 3.383 percent and a bid-to-cover ratio of 2.70.

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 2.65.

Today's thirty-year bond auctions comes after the Treasury sold $32 billion worth of three-year notes on Tuesday and $21 billion worth of ten-year notes on Wednesday.

by RTTNews Staff Writer

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