Strong 5-year auction today. Solid demand, big foreign interest, yields stopped through. Bond market breathing easier — for now.
US 5-Year Note Auction High Yield 4.071% (stop through 0.4 BPS)Bid-to-Cover 2.39Sells $70 blnAwards 23.12% of bids at highPrimary dealers take 9.24%Direct 12.39%Indirect 78.37% — FinancialJuice (@financialjuice) May 28, 2025 US sells $70B in 5-year notes at a high yield of 4.071%, slightly below the 4.075% when-issued level. Strong international