U.S. Treasury auctions off $43 billion of a 5 year note that a high yield of 3.973%

The U.S. Treasury auctioned off $43 billion of five-year notes:

• High yield of 3.973%
• WI level 3.96%
• Bid to cover 2.46X
• Primary dealers take 16.92%
• Directs take 18.56%
• Indirects take 64.51%