US Treasury auctions $43 billion in five-year notes at a high yield of 4.17%

  • High Yield 4.17%
  • WI level at time of auction 4.166%
  • Ended 0.4 basis points versus a six-month average of -0.7 basis points
  • Bid to cover 2.60X versus a six-month average of 2.54X
  • Up 22.13% versus the six-month average of 17.9%.
  • Indirect 64.38% versus the six-month average of 70.7%.
  • Sellers 13.49% versus the six-month average of 11.4%.

Auction rating: D+

There was a positive end (0.4 basis points) which is much higher than the average of -0.7 basis points. International demand was well below the 6-month average. Domestic demand was well above the six-month average. Sellers were generally burdened by a larger portion of the auction.

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