US 5-Year Auction High Yield Falls From Previous Month, Demand Higher

01:06 PM EDT, 08/26/2026 (MT Newswires) -- The US Treasury's 5-year auction hit a high yield of 4.393% on Wednesday, down from the 4.408% high in the previous auction. The bid to cover ratio for the auction was 2.37, above the 2.28 ratio in the previous auction. Dealers represented 53.96% of the bids, with direct bidders at 15.45% and indirect bidders at 30.59%. For takedown, dealers took 10.05%, with direct bidders at 28.44% and indirect bidders at 61.51%.