The US treasury auctioned off $70 billion of five year notes at a high yield of 4.197%. Details of the auction:
- High yield 4.197%
- Tail -0.2 basis points versus six-month average of 0.7 basis points
- Bid to cover 2.43X vs six-month average of 2.37X
- Directs 24.58% versus six-month average of 16.0%
- Indirects 64.12% versus six-month average of 69.7%
- Dealers 11.3% vs six-month average of 14.3%
This article was written by Greg Michalowski at www.forexlive.com.
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