US treasury is auction off $53 billion and 5 year notes at the top of the hour
The WI is currently trading at 0.285%/0.280%The US treasury is auction off $53 billion a 5 year notes at the top of the hour. A history of the last 6 auctions shows shows:
- Bid to cover, 2.53X. Last 2.71x
- Dealers 26%. Last 17.8%
- Directs 14.8%. Last 15.9%
- Indirects 59.4%. Last 66.2%
The treasury will complete its auctions tomorrow with the sale of $50 billion of 7 year notes.