The bid-to-cover ratio was 5.84, compared with 4.01 at the previous sale, and a 12-month average of 3.73. In reaction, the yield for the tenor fell as much as 6 basis points to 3.710% after the results, while the 30-year yield dropped as much as 5 basis points.
The bid-to-cover ratio was 5.84, compared with 4.01 at the previous sale, and a 12-month average of 3.73. In reaction, the yield for the tenor fell as much as 6 basis points to 3.710% after the results, while the 30-year yield dropped as much as 5 basis points.
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