The Treasury Department finished off this week's series of announcements of the results of its long-term securities auctions on Thursday, revealing this month's sale of $20 billion worth of thirty-year bonds attracted average demand.
The thirty-year bond auction drew a high yield of 4.837 percent and a bid-to-cover ratio of 2.35.
Last month, the Treasury also sold $20 billion worth of thirty-year bonds, drawing a high yield of 4.345 percent and a bid-to-cover ratio of 2.46.
The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.
The ten previous thirty-year bond auctions had an average bid-to-cover ratio of 2.38.
The Treasury also announced the details of this month's twenty-year bond auction on Thursday, revealing plans to sell $13 billion worth of twenty-year bonds. The results of the auction will be announced next Wednesday.
Last month, the Treasury also sold $13 billion worth of twenty-year bonds, with the sale attracting above average demand.
The Treasury revealed earlier this week that this month's auction of $46 billion worth of three-year notes attracted below average demand, while this month's auction of $35 billion worth of ten-year notes attracted modestly above average demand.
