US sells USD 70bln of 5-year notes; Tail 0.4bps
ORIGINAL · NewsquawkUS sells USD 70bln of 5-year notes; Tail 0.4bpsRead originalHide original
High Yield: 4.845% (prev. 5.033%, six-auction avg. 4.362%) Tail: 0.4bps (prev. 3.1bps, six-auction avg. 0.9bps) Bid-to-Cover: 2.33x (prev. 2.21x, six-auction avg. 2.31x) Dealers: 10.56% (prev. 15.8%, six-auction avg. 13.0%) Directs: 29.4% (prev. 29.9%, six-auction avg. 23.1%) Indirects: 60.05% (prev. 54.3%, six-auction avg. 64.0%)
The headline reports a USD 70 billion 5-year note sale with a 0.4-basis-point tail. Retrieved evidence lacks detailed auction metrics and market reaction.
News detail
High Yield: 4.845% (prev. 5.033%, six-auction avg. 4.362%) Tail: 0.4bps (prev. 3.1bps, six-auction avg. 0.9bps) Bid-to-Cover: 2.33x (prev. 2.21x, six-auction avg. 2.31x) Dealers: 10.56% (prev. 15.8%, six-auction avg. 13.0%) Directs: 29.4% (prev. 29.9%, six-auction avg. 23.1%) Indirects: 60.05% (prev. 54.3%, six-auction avg. 64.0%)
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