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.