Bond Market Update

Updated: 27-Jan-25 11:41 ET
New Supply #2

Treasury Auction Preview

  • $70 bln 5-year Treasury note auction (results at 13:00 ET)
    • Prior auction results:
      • High yield: 4.478%
      • Bid-to-cover: 2.40
      • Indirect bid: 67.3%
      • Direct bid: 20.3%
    • Average results of previous 12 auctions:
      • High yield: 4.188%
      • Bid-to-cover: 2.38
      • Indirect bid: 67.5% 
      • Direct bid: 17.9%
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