India, July 9 -- Finishing off this week's series of announcements of the results of its long-term securities auctions, the Treasury Department revealed on Thursday that this month's auction of $22 billion worth of thirty-year bonds attracted modestly above average demand.
The thirty-year bond auction drew a high yield of 5.058 percent and a bid-to-cover ratio of 2.44.
Last month, the Treasury also sold $22 billion worth of thirty-year bonds, drawing a high yield of 5.020 percent and a bid-to-cover ratio of 2.33.
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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