US treasury to auction off 5 year notes at the top of the hour
US treasury to auction off $61 billion and 5 year notesAt the top of the hour, the US treasury will auction off $61 billion of 5 year notes. The WI 5 year issue is currently trading at 0.61%.
The averages over the last 6 months for the major auction details shows:
- Bid to cover 2.45x
- Dealers, 23.7%
- Directs, 15.6%
- Indirects, 60.7%
Also at the top of the hour Fed's Clarida is expected to speak. Clarida is a Board of Governors member which comes with a vote at all times.
Meanwhile Fed's Powell continues his testimony.