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US Treasury Markets
11/4/2009 11:13 AM ET
(RTTNews) -
The federal government said on Wednesday that it will auction $16 billion in 30-year notes next week. The auction has been set for Thursday, November 12. It has a maturity date of November 15, 2039.
The last 30-year notes auction took place on October 8. It featured the sale of $12 billion of the security, a bid-to-cover ratio of 2.37 and a stop-out rate of 4.009 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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