The Treasury sold $70.0 billion of five-year notes in this month's auction, which attracted modestly below-average demand. Weaker-than-average bidder interest may signal softer demand for intermediate Treasurys and could put modest upward pressure on five-year yields, but the development is incremental rather than market-moving.
The Treasury sold $70.0 billion of five-year notes in this month's auction, which attracted modestly below-average demand. Weaker-than-average bidder interest may signal softer demand for intermediate Treasurys and could put modest upward pressure on five-year yields, but the development is incremental rather than market-moving.
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