WASHINGTON – The latest auction of two-year and five-year Treasury notes fell short of average demand, according to the Treasury Department. The auction of $54 billion worth of two-year notes and $55 billion worth of five-year notes attracted below average demand, signaling potential concerns in the market. The two-year note auction had a high yield of 4.887 percent and a bid-to-cover ratio of 2.54, while the five-year note auction had a high yield of 4.420 percent and a bid-to-cover ratio of 2.46. These results reflect a decline compared to previous auctions. The Treasury is scheduled to announce the results of this month’s auction of $39 billion worth of seven-year notes on Tuesday.
Treasury’s Two-Year and Five-Year Note Auctions Draw Below Average Demand, US
Date:
Updated: [falahcoin_post_modified_date]
More like thisRelated
Revolutionary Small Business Exchange Network Connects Sellers and Buyers
Revolutionary SBEN connects small business sellers and buyers, transforming the way businesses are bought and sold in the U.S.
District 1 Commissioner Race Results Delayed by Recounts & Ballot Reviews, US
District 1 Commissioner Race in Orange County faces delays with recounts and ballot reviews. Find out who will come out on top in this close election.
Fed Minutes Hint at Potential Rate Cut in September amid Economic Uncertainty, US
Federal Reserve minutes suggest potential rate cut in September amid economic uncertainty. Find out more about the upcoming policy decisions.
Baltimore Orioles Host First-Ever ‘Faith Night’ with Players Sharing Testimonies, US
Experience the powerful testimonies of Baltimore Orioles players on their first-ever 'Faith Night.' Hear how their faith impacts their lives on and off the field.
