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US sells 5-year notes at 4.055% vs 4.035% WI

US sells 5-year notes at 4.055% vs 4.035% WI

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By Adam Button
24/01/2024 | 18:02 GMT
  • Results of the $61 billion five-year sale
  • Prior was 3.801%
  • Bid to cover 2.31 vs 2.50 prior

A tail of 2 basis points is going to push broader Treasury yields higher. Is supply a problem again? This was the largest tail since Sept 2022.

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