The Treasury sells $24B in 10-year notes at 2.636% (.pdf), lower than expected. Bid-to-cover...

|By:, SA News Editor

The Treasury sells $24B in 10-year notes at 2.636% (.pdf), lower than expected. Bid-to-cover ratio of 2.8; indirect bidders take 56.6%. Direct bidders take 9.4%. Treasurys cut back on losses; the 30-year yield +0.07 to 4.19%; 10-year +0.04 to 2.59%; 5-year +0.06 to 1.18%; 2-year +0.02 to 0.415%.