US 5-year note auction: high yield 3.747% (tailed by 0.1 basis points), bid-to-cover 2.35, sells 70bln, awards 68.45% of bids at high, primary dealers take 8.8%, direct 31.7%, indirect 59.5%

Tuesday, Dec 23, 2025 1:05 pm ET1min read

US 5-year note auction: high yield 3.747% (tailed by 0.1 basis points), bid-to-cover 2.35, sells 70bln, awards 68.45% of bids at high, primary dealers take 8.8%, direct 31.7%, indirect 59.5%

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