US sells 5-year notes at 3.955% vs 3.960% WI
- Prior was 3.980%
- 6-auction average of 3.725%.
- Bid to cover at 2.33 vs 2.29 prior
The two-year sale tailed by 0.1 bps and this one by 0.5 bps. Those aren't big misses but Treasury yields are now at the highs of the day, up 3-4 bps across the curve. We could finally be seeing some Iran war angst, though not yet in the stock market.
WTI crude was last up $2.26 to $96.65 and brent is closing in on $110. The big round numbers are likely to be the pain points in the market, and maybe in politics as well.
This article was written by Adam Button at investinglive.com.提供 MainLink：Investinglive RSS Breaking News Feed
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