With a debt ceiling due for contact in less than a week, the Treasury sells $35B in five-year...

|By:, SA News Editor

With a debt ceiling due for contact in less than a week, the Treasury sells $35B in five-year notes at 1.580% (.pdf). Bid-to-cover ratio of 2.62, vs. last month's 2.59 (which was the lowest in a year); indirect bidders take 36.6%, vs. recent 40.3%. Direct bidders take 14.6%.