U.S. Treasury to auction off a $43 billion of five-year notes at the top of the hour | Forexlive

The US treasury auction off a fire note at the top of the hour. The six-month averages of the major components shows:

• Bid to cover 2.49X
• Directs (a measure of domestic demand)19.1%
• Indirects (a measure of international demand) 66.5%
• Dealers (the rest goes to the dealers) 14.4%
• Tail 0.9 basis points

The high yield at the previous auction came in at 3.626%