The Treasury sells $21B in 10-year notes at 3.754% (.pdf). Bid-to-cover ratio of 3.00 vs. a...

|By:, SA News Editor

The Treasury sells $21B in 10-year notes at 3.754% (.pdf). Bid-to-cover ratio of 3.00 vs. a recent 2.8; indirect bidders take 29%, well off a recent 45.9%; direct bidders take 17.3%, highest in at least a year. Treasurys dipped slightly after the sale: the 30-year yield +0.06 to 4.68%; 10-year +0.05 to 3.76%; 5-year +0.04 to 2.52%; 2-year +0.04 to 0.95%.