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US treasury to auction off $43 billion of five-year notes at the top of the hour

US treasury to auction off $43 billion of five-year notes at the top of the hour
Tail 6-auction average of -0.8bps.Bid-to-Cover 6-auction average of 2.53x.Dealers 6-auction average of 12.2%.Directs (a measure of domestic demand) 6-auction average of 17.7%.Indirects (a measure of international demand) 6-auction average of 70.1%.The last auction had a high yield of 3.749% with a tail of -1.4 basis points. The bid to cover was higher than the 6 month average at 2.58X as well.The U.S. Treasury will finish their auction coupon issues tomorrow with the sale of 7-year notes. The tw... Read More
Posted: Jun 27 2023, 16:52
Author Name: forexlive
Views: 081023

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