The winning yield of the US 5-year Treasury bond issuance hit the lowest level in a year
The US Treasury issued $70 billion in 5-year Treasury bonds, with a winning yield of 3.645%, slightly higher than the pre-issuance trading level of 3.642% when the bid closed at 1 pm Eastern Time, but still the lowest result since April 2023. The US Treasury market did not react much to the bidding results. The 5-year yield still rose by about 1.5 basis points during the day, and the 5s30s spread remained basically flat at about 46 basis points. The allocation ratio of primary dealers was 13.2%, slightly lower than the previous time, the allocation ratio of indirect bidders rose to 70.5%, and the allocation ratio of direct bidders fell to 16.3%; the bid multiple was 2.41 times, and the average of the previous six times was 2.38 times.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Barcelona Football Club criticized for signing a $22 million sponsorship deal with crypto company ZKP
Swedish payment giant Klarna's first stablecoin, KlarnaUSD, has been launched ahead of schedule
Bitcoin OG opens 5x ETH short position worth $15.04 million
Current mainstream CEX and DEX funding rates indicate the market remains broadly bearish
