India, Sept. 9 -- A day after reporting above average demand for this month's three-year note auction, the Treasury Department on Wednesday revealed this month's sale of $39 billion worth of ten-year notes also attracted above average demand.
The ten-year note auction drew a high yield of 4.834 percent and a bid-to-cover ratio of 2.71.
Last month, the Treasury sold $42 billion worth of ten-year notes, drawing a high yield of 4.683 percent and a bid-to-cover ratio of 2.53.
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 had an average ...