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News 2026-09-23 17:07 UTC

US TSYS/SUPPLY: Review 5Y Auction - Yes, Another Tail: 16th Consecutive

* Tsy futures extends lows after large 3.1bp tail - 16th consecutive: $70B 5Y note auction (91282CRK9) drawing 5.033% high yield vs. 5.032% WI; 2.21x bid-to-cover vs. 2.37x prior (2.33x 5-auction avg) * Peripheral stats: Indirect take-up to 54.31% from 61.51% prior (65.91% 5-auction avg), direct take up to 29.92% vs. 2