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Treasury Announces Details Of This Month's Twenty-Year Bond Auction

The Treasury Department announced the details of this month's auction of twenty-year bonds on Thursday.

The Treasury revealed it plans to sell $22 billion worth of twenty-year bonds, with the results due to be announced next Wednesday.

Last month, the Treasury also sold $22 billion worth of twenty-year bonds, drawing a high yield of 1.213 percent and a bid-to-cover ratio of 2.39.

The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.

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