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US treasury auctions off $43 billion of 5-year notes at a higher yield of 4.019%

US treasury auctions off $43 billion of 5-year notes at a higher yield of 4.019%
High-yield 4.019%WI level at the time of the auction 4.012%Tail 0.7 bps vs. 6-month auction average of -0.8bps.Bid-to-Cover 2.52X vs. 6-month auction average of 2.53x.Dealers 12.21% vs.6-month auction average of 12.2%.Directs (a measure of domestic demand) 19.7% vs 6-month auction average of 17.7%.Indirects (a measure of international demand) 68.1% vs. 6-month auction average of 70.1%.Auction Grade: D+The five-year auction was met with below average demand. There was a positive tail of 0.7 basi... Read More
Posted: Jun 27 2023, 17:03
Author Name: forexlive
Views: 081079

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