U.S. Treasury sells $70 billion of 5 year notes at a high yield of 3.615%
The U.S. Treasury sold $70 billion of 5 year notes at a high yield of 3.615%: WI level at the time of the auction 3.608% Tail 0.7 basis points v 6 month average up 0.3 basis pointss Bid to cover 2.32X versus 6 month average of 2.36X Dealers 12.8% versus 6 month average of 10.1% Directs 24.7% versus 6…











