PoliticsIMPORTANT
US sells USD 70bln of 5yr notes: Tail 0.9bps
StockNow breaking-news AI analysis
The 5-year Treasury auction was weak, tailing 0.9bps as demand waned ahead of a highly unpredictable FOMC meeting and shifting Fed communication strategy under Chair Kevin Warsh.
News detail
High Yield: 4.408% (prev. 4.200%, six-auction avg. 3.959%); WI 4.399%. Tail: 0.9bps (prev. 0.7bps, six-auction avg. 0.6bps) Bid-to-Cover: 2.28x (prev. 2.35x, six-auction avg. 2.33x) Dealers: 13.53% (prev. 12.9%, six-auction avg. 12.9%) Directs: 27.22% (prev. 25.5%, six-auction avg. 21.4%) Indirects: 59.25% (prev. 61.6%, six-auction avg. 65.6%)
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