Treasury 5-Year Notes May Yield 1.723% at Auction, Survey Shows
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The Treasury Department’s $35 billion sale of five-year notes may draw a yield of 1.723 percent, according to the average forecast in a Bloomberg News survey of seven of the Federal Reserve’s 22 primary dealers.
The securities, which mature in April 2019, yielded 1.730 percent in pre-auction trading. Bids are due by 1 p.m. New York time. Last month’s sale of the notes yielded 1.715 percent, the highest since May 2011. The size of today’s offering is the same as the past 43 auctions of five-year notes after peaking at $42 billion from November 2009 through April 2010.