AUCTION HISTORY: US to sell USD 70bln of 5yr notes at 18:00GMT/13:00EST

US 5-YEAR NOTE AUCTION RECENT HISTORY:

• High Yield: (prev. 3.747%, six-auction avg. 3.725%)
• Tail: (prev. 0.1bps, six-auction avg. 0.4bps)
• Bid-to-Cover: (prev. 2.35x, six-auction avg. 2.36x)
• Dealers: (prev. 8.8%, six-auction avg. 10.4%)
• Directs: (prev. 31.7%, six-auction avg. 28.7%)
• Indirects: (prev. 59.5%, six-auction avg. 61.0%)