The Treasury Dept sold a record $42 billion in 5-year notes on Tuesday at a yield of 2.175%, the second of three major auctions this week. Investors bid for 2.81 times the amount of debt sold, compared to an average of 2.51 in the last three monthly sales. Indirect bidders bought 61%, compared to an average of 52% of the last three.
By editor Nov 24, 2009, 1:35 PM
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