5year note auction later this afternoon

The U.S. Treasury will auction off both two and five year notes today. The 2 Year Note Will Take Pl. at the bottom of the hour. The five year auction will be at 1 PM ET.

The key component six month averages for the 2 year note shows:

  • bid to cover, 2.56X
  • Dealers, 25.4%
  • Directs, 20.5%
  • Indirects 54.1%

The last auction came in at a high yield of 0.481%. That was -0.2 basis points from the WI level.

US yields are higher today with gains across the maturity spectrum.

5year note auction later this afternoon