India, April 8 -- The Treasury Department continued this week's series of announcements of the results of its long-term securities auctions on Wednesday, revealing this month's sale of $39 billion worth of ten-year notes attracted below average demand.
The ten-year note auction drew a high yield of 4.282 percent and a bid-to-cover ratio of 2.43.
Last month, the Treasury also sold $39 billion worth of ten-year notes, drawing a high yield of 4.217 percent and a bid-to-cover ratio of 2.45.
The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.
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The ten previous ten-year note auctions ...