US 5-year note auction tails 3.1bp as high yield hits 5.033%

The US Treasury's $70 billion 5-year note auction stopped at a high yield of 5.033%, tailing the when-issued yield by 3.1 basis points, with a bid-to-cover of 2.21. Primary dealers took 15.77%, direct bidders 29.92% and indirect bidders 54.31%.

Detected & updated continuously · Source: Nebula