FT MarketWatch

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.

Related Terms: 7 Accept, Bid, Demand, High, Ratio, Treasury auction, Treasury
Other Related Pages: Category: Bonds Starting With: B
Additional Related Terms: 52-week high, Asset/equity ratio, Accrual of discount, Amortization of premium, At par, At best, At call, Aggregate demand, Aggregate demand curve, At risk