U.S. 5-year Treasury note auction pays highest yield since 2006 (US5Y:)

U.S. 5-year Treasury note auction pays highest yield since 2006 (US5Y:)

Weak demand at the $70B U.S. 5-year Treasury auction pushed yields above 5% to near two-decade highs.

Treasury sells $70 billion in 5-year note

CNBC’s Rick Santelli breaks down the latest bond auction from the U.S. Treasury Department.

Treasury Bonds Sell Off After Weak Five-Year Auction Pushes Yields Higher

The $70 billion sale priced at a 5.033% yield, 3.1 basis points above the when-issued level, marking the second-largest auction tail on record.

US treasury sells $70 billion of 5 year notes at a high yield of 5.033%

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