Financial News: Five-Year Note Auction Attracts Modestly Below Average Dem

Five-Year Note Auction Attracts Modestly Below Average Demand

03/25/2026 - 13:10:00 (RTTNews)

(RTTNews) - The Treasury Department continued this week's series of announcements of the results of its long-term securities auctions on Wednesday, revealing this month's sale of $70 billion worth of five-year notes attracted modestly below average demand.

The five-year note auction drew a high yield of 3.980 percent and a bid-to-cover ratio of 2.29.

Last month, the Treasury also sold $70 billion worth of five-year notes, drawing a high yield of 3.615 percent and a bid-to-cover ratio of 2.32.

The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.

The ten previous five-year note auctions had an average bid-to-cover ratio of 2.36.

On Tuesday, the Treasury revealed this month's auction of $69 billion worth of two-year notes attracted below average demand.

The Treasury is due to announce the results of this month's auction of $44 billion worth of seven-year notes on Thursday.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Leading Economic Index Unexpectedly Inches Higher In April (36 min(s), 27 sec(s) ago)
(RTTNews) - A reading on leading U.S. economic indicators unexpectedly edged slightly higher in th ...Full Story»

U.S. Consumer Sentiment Tumbles Much More Than Previously Estimated In May (19 min(s), 27 sec(s) ago)
(RTTNews) - A report released by the University of Michigan on Friday showed consumer sentiment in ...Full Story»

Latvia Jobless Rate Rises To 7.1% In Q1 (13 min(s), 27 sec(s) ago)
(RTTNews) - Latvia's unemployment rate increased in the first quarter of 2026 after falling in ...Full Story»

German GDP Growth Rises On Exports, Consumption (43 min(s), 27 sec(s) ago)
(RTTNews) - The German economy expanded at a slightly faster pace in the first quarter, underpinne ...Full Story»

Poland Business Confidence Rises In May (43 min(s), 27 sec(s) ago)
(RTTNews) - Poland's manufacturers expressed a less pessimistic attitude in May, survey figure ...Full Story»

French Manufacturing Confidence Strengthens In May (07 min(s), 27 sec(s) ago)
(RTTNews) - Confidence among French manufacturers improved further in May and remained above its l ...Full Story»

Irish Wholesale Prices Rise 1.4% In April (28 min(s), 27 sec(s) ago)
(RTTNews) - Ireland's wholesale prices increased for the first time in more than a year in Apr ...Full Story»

UK Government Borrowing Exceeds Estimate (28 min(s), 27 sec(s) ago)
(RTTNews) - The UK government's borrowing exceeded the official estimate and also hit the high ...Full Story»