Treasury sells $42.7B in five-year notes at 2.37% (.pdf). Bid-to-cover ratio of 2.8 vs. a recent...

|By:, SA News Editor

Treasury sells $42.7B in five-year notes at 2.37% (.pdf). Bid-to-cover ratio of 2.8 vs. a recent 2.35; indirect bidders take 53%, close to a recent average of 51.5%; direct bidders take 7.5%. Treasurys mostly held a bit above flat: 30-year yield -0.01 to 4.54%; 10-year -0.02 to 3.61%; 5-year -0.02 to 2.33%; 2-year -0.03 to 0.84%.