US sells 5-year notes at 1.875% vs 1.870% WI

Results of the 5-year Treasury auction

• Prior was 1.950%


• The notes were at 1.870% in the when-issued market beforehand (on the bid side)

Slightly higher yield than expected, in contrast to yesterday"s sale, where the yield was a bit lower than the market was anticipating.

Bonds aren"t doing much today, with the front end of the curve up 1-2 bps and the rest flat.

US sells 5-year notes at 1.875% vs 1.870% WI
US sells 5-year notes at 1.875% vs 1.870% WI
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