The Treasury sells $42B in five-year notes at 2.175% (.pdf). Bid-to-cover ratio of 2.81, vs. a...

|By:, SA News Editor

The Treasury sells $42B in five-year notes at 2.175% (.pdf). Bid-to-cover ratio of 2.81, vs. a recent 2.51; indirect bidders take 61%, vs. a recent 52%. Direct bidders down to 2.9% vs. recent 5.6%. Treasurys held mild gains; the 30-year bond +0.05%; 10-year +0.09%.