The US treasury to auction $70 billion of 5 year notes at 1 PM ET

The US treasury will auction off a $70 billion of five-year notes at 1 PM ET. The major components of the 5-year issue with the 6 month averages shows:Tail: Avg. -0.1 BPsBid-to-cover: Avg. 2.41xDealers: Avg. 16.0%Directs: Avg. 17.9%Indirects: Avg. 66.1%The two-year note earlier today was met with less than stellar demand with a tale of one basis point, a bid to cover over 2.41X versus 2.59X average. This article was written by Greg Michalowski at www.forexlive.com.

May 28, 2024 - 22:00
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The US treasury to auction $70 billion of 5 year notes at 1 PM ET

The US treasury will auction off a $70 billion of five-year notes at 1 PM ET.

The major components of the 5-year issue with the 6 month averages shows:

  • Tail: Avg. -0.1 BPs
  • Bid-to-cover: Avg. 2.41x
  • Dealers: Avg. 16.0%
  • Directs: Avg. 17.9%
  • Indirects: Avg. 66.1%

The two-year note earlier today was met with less than stellar demand with a tale of one basis point, a bid to cover over 2.41X versus 2.59X average. This article was written by Greg Michalowski at www.forexlive.com.

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