U.S. Treasury to auction off $61 billion a 5 year notes at the top of the hour

WI is currently trading at 0.90%

The US treasuries to auction off $61 billion a five year notes at the top the hour. The current WI is trading around 0.900%.

The six month average is of key components include:

• bid to cover 2.36X
• Dealers, 24.9%
• Directs, 15.9%
• Indirects 59.2%.

The last auctions all the high yield of 0.788% with a tail of -0.7 basis points.