US treasury auctions off $43 billion and 5 year notes at a high yield of 4.192%

• High yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as Read this Term 4.192
• WI level at the time of auction 4.210%
• Tail -1.8 vs. six-month average of 1.2 basis points
• Bid to cover 2.48X vs. six-month average of 2.38X
• Directs 15.6% vs six-month average of 18.8%
• Indirects 68.0% vs. six-month average of 61.8%
• Dealers 16.5% vs 19.4% six month average

AUCTION Grade: A-

Highlights:

The first stop through since July for the 5 year issue. The average of the last 6 points has been +1.2 basis points. The bid to cover was comfortably above the six-month average. The international demand was strong and offset a weaker domestic demand. The dealers were saddled with much less than the average over the last 6 months.

Solid auction.