The Treasury Department on Monday announce the results of this month's auctions of $69 billion worth of two-year notes and $70 billion worth of five-year notes, revealing the sales attracted average demand.
The two-year note auction drew a high yield of 3.504 percent and a bid-to-cover ratio of 2.59.
Last month, the Treasury also sold $69 billion worth of two-year notes, drawing a high yield of 3.571 percent and a bid-to-cover ratio of 2.51.
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 two-year note auctions had an average bid-to-cover ratio of 2.61.
Meanwhile, the five-year note auction drew a high yield of 3.625 percent and a bid-to-cover ratio of 2.38.
The Treasury also sold $70 billion worth of five-year notes last month, drawing a high yield of 3.710 percent and a bid-to-cover ratio of 2.34.
The ten previous five-year note auctions had an average bid-to-cover ratio of 2.37.
On Tuesday, the Treasury is due to finish off this week's series of announcements of the results of its long-term securities auctions by revealing the results of this month's sale of $44 billion worth of seven-year notes.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.