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5-Year Auction Fares Better Than 2-Year Sale

US TSYS

Stops through by 0.4bps for the 5-year auction, Bid-to-cover inline with average. Dealer takedown slightly higher at 25.5% vs. 23.2% average.

  • Five-year yields dip slightly to 0.9732% on release for a slightly better-than-expected auction.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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