The Treasury Department announced the results of this month's auction of $43 billion worth of five-year notes on Wednesday, revealing the sale attracted above average demand.
The five-year note auction drew a high yield of 3.500 percent and a bid-to-cover ratio of 2.54.
Last month, the Treasury also sold $43 billion worth of five-year notes, drawing a high yield of 3.665 percent and a bid-to-cover ratio of 2.48.
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 2.42.
On Tuesday, the Treasury revealed this month's auction of $42 billion worth of two-year notes also attracted modestly above average demand.
The Treasury is due to announce the results of this month's auction of $35 billion worth of seven-year notes on Thursday.
