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On Wednesday, the Treasury Department announced the results of this month's sale of $41 billion worth of five-year notes, revealing the auction attracted modestly above average demand.
The five-year note auction drew a high yield of 1.570 percent and a bid-to-cover ratio of 2.41.
Last month, the Treasury also sold $41 billion worth of five-year notes, drawing a high yield of 1.600 percent and a bid-to-cover ratio of 2.32.
The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.
The ten previous five-year note auctions had an average bid-to-cover ratio of 2.35.
Looking ahead, the Treasury is due to announce the results of its auction of $32 billion worth of seven-year notes on Thursday.
