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2 weeks ago
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After revealing modestly beneath mean request for this month's two-year and five-year enactment auctions earlier successful the week, the Treasury Department connected Thursday revealed this month's auction of $44 cardinal worthy of seven-year notes besides attracted modestly beneath mean demand.
The seven-year enactment auction drew a precocious output of 4.716 percent and a bid-to-cover ratio of 2.48.
Last month, the Treasury sold $43 cardinal worthy of seven-year notes, drafting a precocious output of 4.185 percent and a bid-to-cover ratio of 2.61.
The bid-to-cover ratio is simply a measurement of request that indicates the magnitude of bids for each dollar worthy of securities being sold.
The 10 erstwhile seven-year enactment auctions had an mean bid-to-cover ratio of 2.55.
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