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Bond Markets

Treasury Auctions $13 Worth Of Thirty-Year Bonds

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

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

The thirty-year bond auction drew a high yield of 2.896 percent and a bid-to-cover ratio of 2.68.

Last month, the Treasury sold $16 billion worth of thirty-year bonds, drawing a high yield of 2.825 percent and a bid-to-cover ratio of 2.41.

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 2.62.

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

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