Treasury sells a record $41B in five-year notes at 2.388% (.pdf). Bid-to-cover ratio was 2.63...

|By:, SA News Editor

Treasury sells a record $41B in five-year notes at 2.388% (.pdf). Bid-to-cover ratio was 2.63 vs. a recent average of 2.35; indirect bidders took 54.8% vs. a recent 50%. Treasurys gave back some gains: the 30-year yield now -0.01 to 4.27%; 10-year -0.02 to 3.43%; 5-year -0.02 to 2.36%; 2-year -0.04 to 0.96%.