{"id":434832,"date":"2026-07-28T00:08:55","date_gmt":"2026-07-27T17:08:55","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-treasury-sells-70b-of-5-year-notes-at-a-high-yield-of-4-408-434832\/"},"modified":"2026-07-28T00:08:55","modified_gmt":"2026-07-27T17:08:55","slug":"us-treasury-sells-70b-of-5-year-notes-at-a-high-yield-of-4-408","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-treasury-sells-70b-of-5-year-notes-at-a-high-yield-of-4-408-434832\/","title":{"rendered":"US Treasury sells $70B of 5 year notes at a high yield of 4.408%"},"content":{"rendered":"<div>\n<ul>\n<li>High yield 4.408% <\/li>\n<li>WI level at the time of the auction 4.399%<\/li>\n<li>Tail +0.9 basis points vs Six-month average of 0.6 basis points<\/li>\n<li>Bid to cover 2.28X vs\u00a0average 2.33X<\/li>\n<li>Directs\u00a027.22% versus average of 21.4%<\/li>\n<li>Indirects\u00a059.25% versus average of 65.6%<\/li>\n<li>Dealers\u00a013.53% versus average of 12.9%<\/li>\n<\/ul>\n<p>AUCTION GRADE D+<\/p>\n<p>Tail below average, Bid to cover\u00a0below average. Directs\u00a0above average, Indirects below average.\u00a0 Dealers above average (negative).\u00a0 If I grade easy it is a C-, but not today. It is a D+<\/p>\n<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>High yield 4.408% WI level at the time of the auction 4.399% Tail +0.9 basis points vs Six-month average of 0.6 basis points Bid to cover 2.28X vs\u00a0average 2.33X Directs\u00a027.22% versus average&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-434832","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=434832"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434832\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=434832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=434832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=434832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}