Bid to cover 2.41vs 2.09x at the last auction
- WI just before the auction was at 2.582%
- High yield 2.576%. Lowest yield since January 2018
- Bid to cover at 2.41x vs 2.09X at last auction
- noncompetitive bids $34.78 million
- Treasury auctions $41B
- 24.6% of five your notes to primary dealers
- 15.2% to direct bidders. Largest share of five-year treasury supply since July 2014
- 60.2% to indirect bidders. Largest share of five-year treasury supply since August 2018
- primary dealers have the smallest share of five-year treasury supply since July 2018
Good auction with good demand,