US treasury to auction off $55 billion of 5-year notes at the top of the hour

<p>The&nbsp;U.S. Treasury will auction off $55 billion a 5 year note at the top of the hour. The&nbsp;six-month averages of the major components shows: please</p><ul><li><strong>High Yield</strong>:<ul><li>Previous: 4.899%</li><li>Six-auction average: 4.316%</li></ul></li><li><strong>Tail</strong>:<ul><li>Previous: 1.9 basis points</li><li>Six-auction average: 0.1 basis points</li></ul></li><li><strong>Bid-to-Cover Ratio</strong>:<ul><li>Previous: 2.36x</li><li>Six-auction average: 2.52x</li></ul></li><li><strong>Dealers</strong>:<ul><li>Previous: 19.4%</li><li>Six-auction average: 13.3%</li></ul></li><li><strong>Directs</strong>:<ul><li>Previous: 19.1%</li><li>Six-auction average: 19.1%</li></ul></li><li><strong>Indirects</strong>:<ul><li>Previous: 61.5%</li><li>Six-auction average: 67.6%</li></ul></li></ul><p><br></p>

This article was written by Greg Michalowski at www.forexlive.com.