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Bid-to-cover ratio  

Definition 1.

e ratio of the number of bids received in a Treasury security auction compared to the number of accepted bids.
 

Definition 2.

A ratio that compares the number of bids received in a Treasury security auction to the number of bids accepted.
 

Definition 3.

In a Treasury auction, the number of bids received divided by the number of bids accepted. Rather than the number of bids, sometimes the total amount of the bids is used instead. The higher the ratio, the higher the demand.
 
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