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Bonds News

Bid-to-cover at U.S. 5-year auction weakest since 2009

NEW YORK, Dec 26 (Reuters) - A barometer of overall demand for U.S. five-year Treasury note supply on Wednesday declined to its weakest in nearly 9-1/2 years with the note being sold at a yield at its lowest level since March, Treasury data showed.

The ratio of bids to the amount of five-year notes came in at 2.09, the lowest reading since July 2009. (Reporting by Richard Leong Editing by Chizu Nomiyama)

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