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US Treasury Markets
11/4/2009 11:12 AM ET
(RTTNews) -
Treasury revealed Wednesday its plan to auction $25 billion in 10-year notes next week.
The auction, which has a maturity date of November 15, 2019, has been set for Tuesday, November 10.
The previous 10-year notes auction took place on October 7 and saw the sale of $20 billion of the security. It also saw a bid-to-cover ratio of 3.01 and a stop-out rate of 3.210 percent.
A bid-to-cover ratio measures the amount of bids received for every dollar worth of security being auctioned. The higher the ratio, the higher the level of demand.
by RTT Staff Writer
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