The U.S. Treasury auctions off $70 billion of 5 year notes at a high yield of the 3.980%

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High yield 3.980%Wi level at the time of the auctionTail +1.4 basis points versus 6 month average of 0.3 basis pointsBid to cover x.xxXversus 6 month average of 2.36XDirects (domestic buyers) xx.x% versus 6 month average of 27.5%Indirects (international buyers) xx.x% versus 6 month average of 61.7%Dealers 15.61% versus 6 month average of 10.8% This article was written by Greg Michalowski at investinglive.com.