US 5-Year Note Auction
High Yield 4.071% (stop through 0.4 BPS)
Bid-to-Cover 2.39
Sells $70 bln
Awards 23.12% of bids at high
Primary 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 demand with 78.4% going to indirect bidders, while direct bids slipped to 12.4%. Bid-to-cover was 2.39.
— Wall St Engine (@wallstengine) May 28, 2025
US treasury auctions off $70 billion of 5-year notes at a high yield of 4.071%https://t.co/FMVXzoKpnd
— ForexLive (@ForexLive) May 28, 2025
Fed bids for 5-Yr notes total $9.6B.
(I don't want to hear a bunch of people who don't understand how the Fed manages its balance sheet calling this "stealth QE" again)
— Markets & Mayhem (@Mayhem4Markets) May 28, 2025