The Treasury Department sold $25 bln in 10-year notes on Wednesday at a yield of 3.692%.
- Alloted at High: 95.17%
- Bid To Cover 2.67 times the amount of debt being sold, compared to an average of 2.5 x at the last four sales of new securities.
- Indirects: 33.2% compared to an average of 41.2%
- Directs: purchased another 13%, the most ever for a new issue of 10-year debt and versus 3.2% on average.