US sells 5-year notes at four.330% vs four.336% WI

• Prior was four.478%
• Bid to cowl 2.40 vs 2.66 prior

There may be some historic priority for a smooth public sale as solely 20% of 5-year auctions managed to cease by way of
when the sale occurred on the identical day as a 2-year public sale, in accordance with BMO. I feel the market was probably braced for that so this can be a nice end result. The 2-year sale earlier tailed by zero.1 bps.

This text was written by Adam Button at www.ubaidahsan.com.



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