Thirty-Year Bond Auction Attracts Average Demand
From Nasdaq.: 2025-06-12 13:13:00
The Treasury Department announced the results of the $22 billion thirty-year bond auction, with a high yield of 4.844 percent and a bid-to-cover ratio of 2.43. Last month, $25 billion worth of thirty-year bonds were sold with a high yield of 4.819 percent and a bid-to-cover ratio of 2.31. The bid-to-cover ratio is a measure of demand, and the previous ten auctions had an average ratio of 2.42. The Treasury plans to sell $13 billion of twenty-year bonds this month, with results due next Monday. Earlier auctions of three-year and ten-year notes had below-average demand.
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