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US Treasury Markets
11/3/2009 1:12 PM ET
(RTTNews) -
The Treasury Department announced Tuesday that it has auctioned $28 billion in 4-week notes, with a decrease in demand.
The auction featured a bid-to-cover ratio, which is a measure of demand for the security, of 4.35. It also featured a stop-out rate of 0.035 percent.
The previous 4-week notes auction took place on October 27. It saw the sale of $28 billion of the security, a bid-to-cover ratio of 4.62 and a stop-out rate of 0.045 percent.
A bid-to-cover ratio measures the amount of bids received for every dollar worth of security being auctioned. The higher the ratio, the higher the level of demand.
by RTT Staff Writer
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