WLTW

Willis Towers Watson Public Limited Company

231.56
USD
-1.19%
231.56
USD
-1.19%
197.63 271.87
52 weeks
52 weeks

Mkt Cap 28.85B

Shares Out 124.61M

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Two-Year Note Auction Attracts Modestly Above Average Demand

(RTTNews) - Kicking off this week's series of announcements of the results of its long-term securities auctions, the Treasury Department on Tuesday revealed this month's auction of $47 billion worth of two-year notes attracted modestly above average demand. The two-year note auction drew a high yield of 2.519 percent and a bid-to-cover ratio of 2.61. The Treasury sold $48 billion worth of two-year notes last month, drawing a high yield of 2.585 percent and a bid-to-cover ratio of 2.74. 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 two-year note auctions had an average bid-to-cover ratio of 2.57. The Treasury is due to announce the results of this month's auction of $48 billion worth of five-year notes on Wednesday and the results of this month's auction of $42 billion worth of seven-year notes on Thursday. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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