macro

Reuters: non-competitive bids for $70 billion of US 5-year notes

Reuters published non-competitive bid results for the US 5-year note auction, with notes maturing on October 31, 2031.

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what happened

Reuters published data on non-competitive bids for the auction of US 5-year Treasury notes. The notes will be issued on November 2, 2026 and mature on October 31, 2031, under CUSIP 91282CRT0. The offering amount is $70 billion.

Non-competitive bids accepted total $333,162,100. Tentative tendered volume, which combines accepted non-competitive bids and FIMA bids, reached $738,162,100, while $69,261,837,900 remains for competitive bidding. Federal Reserve bids through the System Open Market Account, or SOMA, totaled $7,778,287,000.

why it matters

Non-competitive bids are filled at the auction average rate without a yield bid, so their size gives a read on demand from smaller participants. Most of the issue is allocated through competitive bids that set the rate. SOMA figures show how many notes the Federal Reserve holds, which matters for expectations on Treasury yields.

tags

instruments

US TreasuriesUSD

sources

  1. Table-Non-competitive bids for U.S. 5-year notes — Reuters, 27 October 2026 at 16:45 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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