The Treasury sells $35B in five-year notes at 1.330% (.pdf). Bid-to-cover ratio of 2.82, vs. a...

|By:, SA News Editor

The Treasury sells $35B in five-year notes at 1.330% (.pdf). Bid-to-cover ratio of 2.82, vs. a recent 2.86; indirect bidders take 39.5%, vs. a recent 45.7%. Direct bidders take 11.7%, vs. a recent 9.9%. Treasurys on the shorter end of the curve dipped further: the 10-year yield +0.05 to 2.69%; 5-year +0.05 to 1.3%, 2-year +0.01 to 0.41%.