Markets - Market News
Treasury 5-Year Notes Go At 0.777% High Yield
Tuesday, February 26, 2013
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The Treasury Department auctioned $35 billion of five-year notes, with a 3/4% coupon, a 0.777% high yield, a price of 99.867840.

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Opinion

Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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