The U.S. Treasury Department auctioned the following Treasury securities today.
5-year note: $37 billion
- Primary Dealer: $12.65 billion
- Indirect Bidder: $23.17 billion
- Indirect Bidder %: 63%
- Bid to Cover Ratio: 2.58
Bid to Cover Ratio is the highest so far this year.
- SOMA: $1.07 billion
(SOMA stands for System Open Market Account at Federal Reserve New York.)