Bid-to-cover ratio of 1.48
- Prior average yield 1.70%
- Prior bid-to-cover ratio 1.38
- 5-year bonds average yield 2.32%
- 5-year bonds bid-to-cover ratio 1.53
- Prior average yield 0.56%
- Prior bid-to-cover ratio 1.36
That just pretty much sailed through. The 10-year bonds bid-to-cover ratio is the highest since December. Meanwhile, the 5-year bonds bid-to-cover is the highest since the 28 March auction.
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