US sells 5-year notes at 4.055% vs 4.035% WI

<ul><li>Prior was 3.801%</li><li>Bid to cover 2.31 vs 2.50 prior</li></ul><p>A tail of 2 basis points is going to push broader Treasury yields higher. Is supply a problem again? This was the largest tail since Sept 2022.</p>

This article was written by Adam Button at www.forexlive.com.