US Treasury sells $70B 5-year notes at higher-than-expected yield as demand cools
Source Investing
Investing.com -- The U.S. government sold $70 billion of 5-year notes on Tuesday at a higher-than-expected yield as demand eased slightly amid ongoing expectations for the Federal Reserve to keep rates higher for longer.
The notes were awarded at 4.553%, above below the pre-sale, or when-issue, rate of 4.540%, but below the 4.659% high seen in the prior auction.
In a sign of a slight easing in demand, the bid to cover ratio for the auction fell to 2.30 from 2.39 seen in the prior auction.
The yield on the 5-year Treasury rose to 4.968% following the results, near the day's high of 4.97%
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As of the Asian session on June 12, gold ( XAUUSD) prices oscillated lower near $4,180. Yesterday, gold prices briefly dipped toward $4,000 before rebounding sharply above $4,200 on news
West Texas Intermediate (WTI) oil price remains subdued after registering over 5.5% losses in the previous day, trading around $85.00 per barrel during the Asian hours on Friday.
Perpetual contracts and pre-market tokens for SpaceX are attracting liquidity from the cryptocurrency market, hindering a further rally in Bitcoin.On June 11, Bitcoin ( BTC) continued to
On June 10, Eastern Time, spot gold ( XAUUSD) fell through the $4,100 level during intraday trading after four consecutive sessions of selling, nearing the $4,000 psychological threshold;
The U.S.-Iran conflict continues to escalate, driving oil prices sharply higher. On Wednesday, Brent and WTI crude futures both closed higher, breaching $90 per barrel. During Thursday's
