Brief: Canada's Retail Sales Rise 0.7% M/M in February; MUFG Says Consensus Saw 0.9% M/M Gain

US Treasury Closing Levels

3:00 Thursday vs 3:00 Wednesday2yr 100-03 vs 100-04; 3.821% vs 3.792%5yr 99-21 vs 99-26+; 3.984% vs 3.911%10yr 98-14 vs 98-21; 4.319% vs 4.292%30yr 97-13 vs 97-20; 4.914% vs 4.900%2/10 49.630 bps vs 49.787 bps5/30 96.410 bps vs 98.500 bps

US 5-Year TIPS Auction High Yield Falls From Previous Auction, Demand Lower

The US Treasury's 5-year TIPS auction hit a high yield of 1.367% on Thursday, down from the 1.433% high in the previous auction.The bid to cover ratio for the auction was 2.57, below the 2.62 ratio in the previous auction.Dealers represented 50.88% of the bids, with direct bidders at 12.91% and indirect bidders at 36.21%.For takedown, dealers took 8.48%, with direct bidders at 26.91% and indirect bidders at 64.61%.

US 5-Year TIPS High Yield 1.367% vs 1.433% Previous; Bid/Cover 2.57 vs 2.62 Previous