Following yesterday's sale of $26 billion worth of two-year notes, the Treasury Department sold $34 billion worth of five-year notes on Wednesday.
The five-year note auction drew a high yield of 1.988 percent and a bid-to-cover ratio of 2.38.
Last month, the Treasury also sold $34 billion worth of five-year notes, drawing a high yield of 2.057 percent and a bid-to-cover ratio of 2.72.
The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.
The ten previous five-year note auctions had an average bid-to-cover ratio of 2.45.
Finishing off this week's series of long-term securities auctions, the Treasury is due to sell $28 billion worth of seven-year notes on Thursday.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.