Results of the $61 billion 5-year note sale

  • Prior was 0.621%
  • Bid to cover 2.36 vs 2.24 prior

That's a small tail but it's a delicate market. That's going to add to jitters in tomorrow's 7-year sale.

Benchmark 5s are up to 0.8272%, about 0.5 bps higher from pre-sale levels.