Results of the 5-year sale
- Prior was 1.365%
- Bid to cover 2.66 vs 2.92 prior
The market is giving back everything it gained yesterday. 5-year yields are up 6.8 bps to 1.594% today with moves of 5-7 bps across the curve in a mild steepener.
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US sells 5-year notes at 1.600% vs 1.590% WI bid
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