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US sells 5-year notes at 0.535% vs 0.555% WI

US sells 5-year notes at 0.535% vs 0.555% WI

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Adam Button
25/03/2020 | 17:02 GMT

Results of the 5-year sale

  • Prior was 1.150%
  • Bid to cover 2.53 vs 2.46 prior

That's a strong auction with a stop through of 1.5 basis points. Bill rates have gone negative today and this highlights the continued real-money demand for safety.

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