The US Treasury conducted a $70 billion auction of 5-year notes at a high yield of 4.553%, above the pre-auction level of 4.540%. This auction followed a weak 2-year note offering. Concerns arise as Treasury auctions show weakness, with markets worried about the upcoming $44 billion sale of 7-year notes. Yields on various Treasury notes have been fluctuating, with the 10-year yield reaching 4.60% and 10-year UK yields up 10 bps.
⚠️ US TREASURY TWO-YEAR FALLS 5.2 BPS TO 4.933% AFTER HOUSING DATA
⚠️ US TREASURY YIELDS EXTEND FALL AFTER US GDP, JOBLESS CLAIMS DATA; 10-YEAR YIELD LAST DOWN 5 BPS AT 4.575% **US TREASURY TWO-YEAR YIELD DOWN 3.5 BPS AT 4.949%
#TreasuriesToday: Yields lower by 1bp-2bp inside yday's selloff ranges. Those included highest levels since May 1-2, with 2Y nearly reaching 5%. New 7Y 4.61% vs 4.65% auction stop, but new 2Y & 5Y remain under water. Auctions resume June 10.
10-Year Treasury Yield jumps back above 4.6% 🚨 https://t.co/778qDgYpZG
UK 10-year Yileds up 10 bps
Markets worried about $44 billion sale of seven-year notes that follows two weak auctions on Tuesday. Yields matter when you get close to 4.6% on the 10-year...
10-year yield up to 4.60
Two weak Treasury auctions today, and $44 billion of 7-year notes being auctioned tmrw https://t.co/EAUQzfT7Ct
Bloomberg: Treasuries extended losses after the US sold $70 billion of five-year notes at 4.553% — above the pre-auction level of 4.540%. An earlier offering of $69 billion in two-year notes also came on the soft side https://t.co/tf9U0YIao6
Treasury auctions are getting sloppy again. A poor 2Yr auction earlier today led to a weak $70B sale of 5Yr paper, tying the record for biggest auction for this maturity set last month. The high yield of 4.553% tailed the When Issued of 4.540% by 1.3bps, the biggest tail since…
US Treasury Two-Year Yield Hits Highest Since Early May, Last Up 2.1 Bps at 4.974% US Treasury 10-Year Yield Climbs to Four-Week Peak, Last Up 7.1 Bps at 4.454%
US Treasury Five-Year Yields Hit Highest Since Early May After Five-Year Note Auction, Last Up 3.8 Bps at 4.567%
⚠️ US TREASURY FIVE-YEAR YIELDS HIT HIGHEST SINCE EARLY MAY AFTER FIVE-YEAR NOTE AUCTION, LAST UP 3.8 BPS AT 4.567%
The US treasury to auction $70 billion of 5 year notes at 1 PM ET https://t.co/SMIylp7qdE