U.S. Treasury to auction $41 billion of 5-year notes at top of the hour

5-year WI is currently trading at 1.782%

The U.S. Treasury will optional $41 billion of five-year notes at the top of the hour. The current WI is trading at 1.782%.

The six-month averages show:

• Bid to cover 2.35x
• Dealers 25.4%
• Directs 16.4%
• Indirects 58.2%