US treasury sells $70 billion of 5 year notes at a high yield of 4.393%

High yield 4.393% WI level at the time of the auction 4.391%. Tail +0.2 basis points Bid to cover 2.37X versus 2.32X Directs 28.4% vs average of 21.2%. Indirects 61.5% versus average of 65.4% Dealers 10.05% versus average of 13.4% The domestic buyers were the stronger today it…