Snapshot for United States Auction Results 5 Year Bid/ Cover Ratio (USB5YBC)

Rate Profile Information for USB5YBC

This index tracks the ratio between the total amount of tenders and the total amount of Treasury accepted bids on a competitive basis. Generally, this number is positively correlated to demand (the larger the number the greater the demand). Treasury Bonds, which represent long-term government borrowing, are sold at a discount from maturity value. The Treasury sells all its bills, notes and bonds on a single-price basis, in which securities are awarded at the highest rate needed to sell all the securities.