U.S. 5-year indexed notes high yield 2.367%
TLT•The U.S. Treasury’s auction of 5-year indexed notes produced a high yield of 2.367%, with $26.0 billion accepted and a bid-to-cover ratio of 2.41.
1. Auction results
The U.S. Treasury said its Dutch auction of 5-year indexed notes produced a high yield of 2.367%, a median yield of 2.300% and a low yield of 2.245%. The price was 99.607747, and the bid-to-cover ratio was 2.41.
2. Bids and maturity
Total accepted bids were $26.0 billion, compared with $62.6 billion in public bids tendered. The notes are due to be issued on Oct. 30, 2026, and mature on Oct. 15, 2031.
