The Treasury Department announced that this month’s auction of $36 billion worth of ten-year notes had average demand, with a high yield of 2.943 percent and a bid-to-cover ratio of 2.49. Last month, $34 billion worth of ten-year notes were sold with a high yield of 2.720 percent and a bid-to-cover ratio of 2.43. The bid-to-cover ratio is a measure of demand, and the previous ten auctions had an average ratio of 2.51. Additionally, $45 billion worth of three-year notes were auctioned on Tuesday with above average demand. Results of the $22 billion thirty-year bonds auction will be announced on Thursday.

Read more at NASDAQ.: Ten-Year Note Auction Attracts Average Demand