U.S. 3-Month Treasury Auction Bid-to-Cover Ratio Rises to 2.68 on June 22

AUCTION-0.66%
On June 22, the U.S. 3-month Treasury auction recorded a bid-to-cover ratio of 2.68, up from 2.47 in the previous auction. The bid-to-cover ratio measures demand by comparing total bids received to the amount of securities offered.
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