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US 5-year bonds invited tenders to get strong demand, winning the bidding yield 4.123%

The yield on the US Treasury's $70 billion five-year bond, Win the Bidding, was 4.123%, compared with a pre-issue trading level of 4.133% at 1 p.m. New York time, indicating that investor demand remains strong despite the rally in Treasuries causing yields to fall by about 10 basis points.