Small Firms Are "Payroll Intensive", So Cut In CPP Premium Rate from 9.9% to 9.5% Will Put $3B "Back Into Pockets" of Employees and Payroll Budgets of Employer, says CFIB

US Treasury Closing Levels

3:00 Monday vs 3:00 Friday2yr 100-04 vs 100-05; 3.799% vs 3.744%5yr 99-21+ vs 99-25+; 3.947% vs 3.918%10yr 98-10+ vs 98-17; 4.335% vs 4.308%30yr 96-31+ vs 97-14; 4.941% vs 4.914%2/10 53.307 bps vs 53.245 bps5/30 99.249 bps vs 99.402 bps

US 5-Year Auction High Yield Falls From Previous Month, Demand Higher

The US Treasury's 5-year auction hit a high yield of 3.955% on Monday, down from the 3.980% high in the previous auction.The bid to cover ratio for the auction was 2.33, above the 2.29 ratio in the previous auction.Dealers represented 55.38% of the bids, with direct bidders at 7.89% and indirect bidders at 36.74%.For takedown, dealers took 12.68%, with direct bidders at 15.03% and indirect bidders at 72.29%.

US 5-Year High Yield 3.955% vs 3.980% Previous; Bid/Cover 2.33 vs 2.29 Previous