US Treasury sells $70B 5-year notes at higher-than-expected yield as demand cools
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The US government sold $70 billion of 5-year notes at a higher-than-expected yield as demand eased slightly. The notes were awarded at a yield of 4.553%, above the pre-sale rate of 4.540%, but below the high of 4.659% seen in the prior auction. The bid to cover ratio for the auction fell to 2.30 from 2.39 in the previous auction. The yield on the 5-year Treasury rose to 4.968% following the results.

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https://www.investing.com/news/stock-market-news/us-treasury-sells-70b-5year-notes-at-higherthanexpected-yield-as-demand-cools-3459477