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Five-Year Note Auction Attracts Average Demand

May 28, 2025 — 01:11 pm EDT

Written by RTTNews.com for RTTNews

(RTTNews) - The Treasury Department announced the results of this month's auction of $70 billion worth of five-year notes on Wednesday, revealing the sale attracted average demand.

The five-year note auction drew a high yield of 4.071 percent and a bid-to-cover ratio of 2.39.

Last month, the Treasury also sold $70 billion worth of five-year notes, drawing a high yield of 3.995 percent and a bid-to-cover ratio of 2.41.

The ten previous five-year note auctions had an average bid-to-cover ratio of 2.40.

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

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

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