U.S. sells 2-yr debt at 0.245%; Treasurys down

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U.S. sells 2-yr debt at 0.245%; Treasurys down
from MarketWatch.com - MarketPulse
SAN FRANCISCO (MarketWatch) -- The Treasury Department sold $35 billion in 2-year notes on Monday at a yield of 0.245%, the lowest since July. Bidders offered to buy 3.59 times the amount of debt sold, compared to an average of 3.91 times at the last four auctions, according to CRT Capital group. Indirect bidders, a group which includes foreign central banks, bought 17.7% of the sale, compared with 29.4% on average. Direct bidders, a group which includes domestic money managers, purchased another 28.4%, versus an average of 23.9%. After the auction, the broader bond market stayed down. Yields on 10-year notes , which move inversely to prices, rose 4 basis points to 1.75%.