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
The EUR/USD pair trades in positive territory around 1.1755 during the early European trading hours on Friday.
Gold price (XAU/USD) rises to near $4,345 during the early Asian session on Friday. Gold finished 2025 with a significant rally, achieving an annual gain of around 65%, its biggest annual gain since 1979.
The global precious metals market experienced extreme volatility at the end of 2025, with silver prices plummeting nearly 9% on December 29, marking its largest single-day decline since 2
Silver price (XAG/USD) has lost its nearly a 4.5% gain registered in the previous session, trading around $72.50 during the Asian hours on Wednesday.
Bitcoin struggles to break the $90,000 barrier, with investors preferring traditional hedges like gold and bonds.
