The bid-to-cover ratio, which indicates demand for the notes, was 2.73, compared with an average ratio of 2.86 for the past six auctions.
Indirect bidders, including foreign central banks, bought 46.1% of the notes and direct bidders, including domestic money fund managers to 16.8%. Indirect purchasers have averaged 40.6% of sales in the past six auctions.
Today’s results are a bit more encouraging than yesterday’s weak demand for $35 billion in two-year notes. The bid-to-cover ratio in yesterday’s auction was the lowest since July of 2011. The median yield was just 0.244%.
Demand for U.S. debt remains reasonably strong, and as long as the eurozone continues to threaten depositors accounts and gold prices continue to be soft, there are not many alternatives for investors to choose from to minimize risk.
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
