Bid-to-Cover Ratio

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Dictionary Says

Definition of '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

Investopedia explains 'Bid-to-Cover Ratio'

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.

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