The US Treasury conducted its largest 2-year and 5-year auctions ever, with $66 billion and $67 billion respectively. Despite concerns over the growing debt, foreign demand remained strong, with indirect bidders showing consistent interest. The 2-year auction had a yield of 4.595%, while the 5-year auction had a yield of 4.235%. The auctions are part of ongoing efforts to fund the significant budget deficit.
The Treasury sale of $67 billion 5 Year Notes was good. The yield at 4.235% is almost a full basis point less than the yield at the bidding deadline
Stellar Demand For 5Y TSY Auction Despite Record $67BN For Sale To Fund Gargantuan Budget Deficit https://t.co/SCHTAwgwR0
Another day, another record large auction, this time $67BN in 5Y paper. At this rate, the average auction size in a decade will be a quarter trillion dollars every month https://t.co/9E2JcyeLB6
U.S. TREASURY YIELDS FALL AFTER AUCTION; FIVE-YEAR YIELD UP 0.20 BPS ON DAY AT 4.235%
5Y high yield 4.235%, WI 4.245%, 1 basis point stop through after two tailing 5Y auctions
Record $67 billion 5-year auction today meanwhile, term premium still negative https://t.co/L3xJqkQ9uC
#TreasuriesToday: Yields narrowly mixed with curve flatter. Holiday-week auction cycle continues with record $67b 5Y at 1pm. WI yield 4.23% is between last two 5Y results & lower than previous. Monday's $66b 2Y tailed slightly & trades near even with 4.595% auction stop.
US 2Y auction, draw 4.595% vs 4.590% pre-sale when issued yield...first of many auctions this week not great This was a $66 billion auction
US 2Y auction, draw 4.595% vs 4.590% pre-sale when issued yield...first of many auctions this week not great
Stellar Foreign Demand For Record Big 2Y Treasury Auction Despite Modest Tail https://t.co/DIM2tdqQlK
For all the handwringing about the size of US govt debt, the amount awarded to indirect bidders - a proxy for foreign demand - at 2-year Treasury auctions has been on a clear trajectory higher for more than a decade https://t.co/KqQmJZN28t
Biggest 2Y auction on record. It will take ever larger Treasury auctions to feed the record US debt ponzi. https://t.co/DxP63RsYI0