The Treasury sells $35B in five-year notes at 2.041% (.pdf). Bid-to-cover ratio of 2.97, vs. a...

|By:, SA News Editor

The Treasury sells $35B in five-year notes at 2.041% (.pdf). Bid-to-cover ratio of 2.97, vs. a recent 2.76; indirect bidders take 45%, vs. a recent 39.2%. Direct bidders take 9.6%, vs. a recent 10.6%.