US sells 5-year notes at 0.850% vs 0.847% WI
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.