Bid-to-Cover Ratio
A ratio that compares the number of bids received in a Treasury security auction to the number of bids accepted. Investopedia Says:
A ratio above 2.0 indicates a successful auction comprised of aggressive bids. A low ratio is an indication of a disappointing auction, marked by a wide bid-ask spread. Related Terms:
Auction Market
Bid
Bid-Ask Spread
U.S. Treasury |