Strong 5-year auction lifts Treasury prices

|By:, SA News Editor

Treasury yields drop after strong demand at today's $35B 5-year note auction, which came in with a bid-to-cover ratio of 3:1, and indirect bidders taking down 51% of the action.

The 5-year yield slides six basis points to 1.67% and the 10-year yield drops five bps to 2.70%. TLT +0.4%, TBT -0.8%

ETFs: TBT, TLT, TMV, IEF, TBF, PST, EDV, TTT, TMF, SBND, ZROZ, TLH, IEI, DLBS, TYO, DTYS, VGLT, UST, TBX, VGIT, UBT, TLO, GSY, DTYL, SCHR, LBND, ITE, TENZ, TYD, TYBS, TBZ, DFVL, FIVZ, DLBL, DFVS, TYNS