Treasury sells $35 billion in 5-year notes

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Treasury sells $35 billion in 5-year notes
from MarketWatch.com - MarketPulse
SAN FRANCISCO (MarketWatch) -- The Treasury Department sold $35 billion in 5-year notes on Tuesday at a yield of 0.769%. Bidders offered to buy 2.72 times the amount of debt sold, compared to an average of 2.9 times at the last four sales, according to CRT Capital Group. Indirect bidders, a group which includes foreign central banks, purchased 32.4%, compared with 42.4% on average. Direct bidders, a group which includes domestic money managers, bought another 30.4% of the sale, versus an average of 13.3%. After the auction, the broader bond market edged lower. Yields on 10-year note , which move inversely to prices, rose 4 basis points to 1.81%.