The Treasury Department announced plans to sell $16 billion worth of twenty-year bonds this month, with the auction results set to be revealed next Wednesday. Last month, the Treasury sold $13 billion worth of twenty-year bonds, with a high yield of 4.590 percent and a bid-to-cover ratio of 2.59. The average bid-to-cover ratio for the ten previous twenty-year bond auctions was 2.61, indicating roughly average demand. Bid-to-cover ratio measures demand by showing the amount of bids for each dollar of securities being sold.

Read more at Nasdaq: Treasury Announces Details Of Twenty-Year Bond Auction