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U.S. 5-year notes sold at lowest yield since October 2016 By Reuters

U.S. 5-year notes sold at lowest yield since October 2016

NEW YORK (Reuters) – The U.S. Treasury Department on Wednesday sold $41 billion of five-year government debt at a yield of 1.365%, marking the lowest yield at an auction on this maturity since October 2016, Treasury data showed.

The ratio of bids to the amount of five-year supply offered was 2.48, the strongest reading since November 2018. This measure of overall auction demand was 2.26 at the previous five-year note sale in July.

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