Highest yield on a 30-year bond the government sold at auction,
and the bid-to-cover ratio of the auction;
Usual Effect No consistent effect - there are both risk and growth implications;
Frequency Conducted monthly;
Next Release May 11, 2023
Previous Release March 9, 2023 3.88|2.4
FF Notes Auction results are reported in an 'X.XX|X.X' format - the first number is the highest interest rate of the bonds sold, and the second number is the bid-to-cover ratio (number of bids made per bid accepted);
Why Traders Care
Yields are set by bond market investors, and therefore they can be used to decipher investors' outlook on future interest rates. The bid-to-cover ratio represents bond market liquidity and demand, which can be used to gauge investor confidence;
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