Bid-to-cover ratio
In a Treasury auction, the number of bids received divided by the number of bids accepted. Rather than the number of Bid, sometimes the total amount of the bids is used instead. The higher the Ratio, the higher the Demand.
In a Treasury auction, the number of bids received divided by the number of bids accepted. Rather than the number of Bid, sometimes the total amount of the bids is used instead. The higher the Ratio, the higher the Demand.