US to auction off $42 billion of 5 year note at the top of the hour

5 year note auction

6 month averages for the auction results shows:

• bid to cover 2.45x. Last 2.53x
• dealers 26%. The last 35.3%
• directs 12.9%. The last 12.6%
• Indirects 61.1%. Last 52.1%