US treasury auctions often $70 billion of five-year notes at a high-yield of 3.879%

US treasury auctions often $70 billion of five-year notes at a high-yield of 3.879%

The WI level at the time of the auction 3.874%

US yields ease as markets consider rate cut timing, tepid auction demand

Source: Live Mint (Writes throughout with auction results, analyst quote, context) NEW YORK, June 25 (Reuters) – Yields on benchmark U.S. Treasuries were slightly lower on Wednesday afternoon, as oil prices rose and markets assessed the timing of potential interest rate cuts. Yields on the longer-term Treasuries rose during the day, but receded in afternoon trading. The U.S. 10-year Treasury note’s yield was down 0.6 basis point to 4.287%, an…