Mumbai, Dec. 18 -- The US Treasury Department announced the results of this month's auction of $13 billion worth of twenty-year bonds yesterday, reporting that the sale attracted above average demand. The twenty-year bond auction drew a high yield of 4.79 percent and a bid-to-cover ratio of 2.67. Last month, the Treasury sold $16 billion worth of twenty-year bonds, witnessing a high yield of 4.70 percent and a bid-to-cover ratio of 2.41. The ten previous twenty-year bond auctions had an average bid-to-cover ratio of 2.62.

Published by HT Digital Content Services with permission from Capital Market....