Bond Market Update

Updated: 28-May-25 12:49 ET
New Supply

Treasury Auction Preview

  • $70 bln 5-year Treasury note auction (results at 13:00 ET)
    • Prior auction results:
      • High yield: 3.955%
      • Bid-to-cover: 2.41
      • Indirect bid: 64.0%
      • Direct bid: 24.8%
    • Average results of previous 12 auctions:
      • High yield: 4.128%
      • Bid-to-cover: 2.39
      • Indirect bid: 68.9%
      • Direct bid: 18.1%
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