Treasury sells $35 billion in 5-yr debt at 0.78%

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Treasury sells $35 billion in 5-yr debt at 0.78%
from MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) -- The Treasury Department sold $35 billion in 5-year notes on Tuesday at a yield of 0.78%, lower than in January's auction. Bidders offered to buy 2.85 times the amount of debt sold, compared to an average of 2.87 times at the last six sales. Indirect bidders, a group that includes foreign central banks, bought 41.7%, versus 40.3% in recent sales. Direct bidders, which includes domestic money managers, purchased another 14.3%, versus an average of 16.7%. The broader bond market remained flat after the auction. Yields on 10-year notes , which move inversely to prices, were steady at 1.86%.