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
During the U.S. trading session on February 24, Bitcoin (BTC) dropped to $62,500, dragging down the broader crypto market. Today's Fear and Greed Index rose to 11, remaining in the "Extre
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP post cautious recovery amid downside risksBitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are posting a cautious recovery on Wednesday following a market correction earlier this week. BTC is approaching a key breakdown level, while ETH and XRP are rebounding from crucial support levels.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are posting a cautious recovery on Wednesday following a market correction earlier this week. BTC is approaching a key breakdown level, while ETH and XRP are rebounding from crucial support levels.
Gold (XAU/USD) attracts some dip-buyers following the previous day's modest pullback from the monthly top and climbs back closer to the $5,200 mark during the Asian session on Wednesday.
During Tuesday's Eastern U.S. trading session, Gold (XAUUSD) Prices retreated after nearly touching the $5,250 threshold as investors engaged in profit-taking and the U.S. dollar strength
Australian Dollar edges higher after Australian CPI; focus shifts to Trump’s SOTU speechThe AUD/USD pair edges higher following the release of the latest Australian consumer inflation figures, though it lacks follow-through buying and remains confined in a familiar range held over the past two weeks or so.
The AUD/USD pair edges higher following the release of the latest Australian consumer inflation figures, though it lacks follow-through buying and remains confined in a familiar range held over the past two weeks or so.
