Treasury 5-year auction at record low 1.015% yield
Posted: Wed Sep 28, 2011 2:48 pmTreasury 5-year auction at record low 1.015% yield
SAN FRANCISCO (MarketWatch) -- The Treasury Department sold $35 billion in 5-year notes Wednesday at a yield of 1.015%, the lowest on record for an auction of the notes. Bidders offered to buy 3.04 times the amount of debt sold, compared to an average of 2.78 times at the last four sales. Indirect bidders, a group that includes foreign central banks, bought 45.9%, versus 40.9% in recent sales. Direct bidders, which includes domestic money managers, purchased another 13.8%, versus an average of 11.9%. Treasurys pared losses after the auction. Yields on 10-year notes , which move inversely to prices, rose 5 basis points to 2.03%. They had been up 12 basis points ahead of the auction.
SAN FRANCISCO (MarketWatch) -- The Treasury Department sold $35 billion in 5-year notes Wednesday at a yield of 1.015%, the lowest on record for an auction of the notes. Bidders offered to buy 3.04 times the amount of debt sold, compared to an average of 2.78 times at the last four sales. Indirect bidders, a group that includes foreign central banks, bought 45.9%, versus 40.9% in recent sales. Direct bidders, which includes domestic money managers, purchased another 13.8%, versus an average of 11.9%. Treasurys pared losses after the auction. Yields on 10-year notes , which move inversely to prices, rose 5 basis points to 2.03%. They had been up 12 basis points ahead of the auction.