US treasury is auction of $43 million and 5 year notes at the top of the hour | Forexlive
The US treasury will next auction off $42 billion and 5 notes and 1 PM ET. The 6 month averages of the major components shows:
- tail tail +0.7 basis points
- bid to cover 2.35X
- directs 18.2%
- indirects 62.4%
- dealers 19.4%
The last auction 5 year notes came in at 4.192% with a tail of -1.8 basis points. The current 5 year yield is at 4.0%