The Treasury sells $20B in 10-year notes at 3.51%. Bid-to-cover ratio is 2.77, compared to...

|By:, SA News Editor

The Treasury sells $20B in 10-year notes at 3.51%. Bid-to-cover ratio is 2.77, compared to recent average of 2.59. Indirect bidders take 55.3% vs. a recent average of 28.6%; indirect bid percentages have jumped since a June change in the way indirect bids are tallied. Treasurys stayed slightly lower; the 30-year yield +0.05 to 4.37%; 10-year +0.03 to 3.51%; 5-year +0.02 to 2.41%; 2-year near flat at 0.95%.