There's still buyers who aren't the Fed: The Treasury sells $21B in reopened 10-year notes at...

|By:, SA News Editor

There's still buyers who aren't the Fed: The Treasury sells $21B in reopened 10-year notes at 2.918% (.pdf), lower than expected. Bid-to-cover ratio of 3.17, vs. a recent 3.12; indirect bidders take 42%, vs. a recent 51.5%. Direct bidders take 13.9%, vs. a recent 7.6%.