Mumbai, June 17 -- The US Treasury Department on Monday announced the results of this month's auction of $13 billion worth of twenty-year bonds. Data showed that sale attracted above average demand. The twenty-year bond auction drew a high yield of 4.942 percent and a bid-to-cover ratio of 2.68. Last month, the Treasury sold $16 billion worth of twenty-year bonds, drawing a high yield of 5.047 percent and a bid-to-cover ratio of 2.46. The ten previous twenty-year bond auctions had an average bid-to-cover ratio of 2.55.

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