U.S. Treasury Sells $42 Bln In 5-year Notes at 2.395%, 32.83% Allotted at High

The Treasury Dept. sold $42 billion in 5-year notes on Wednesday at a yield of 2.395% versus Exp. 2.389%.

• Bid To Cover 2.75 x the amount of debt sold, compared to an average of 2.71 x at the last four sales of the securities.

• Indirects bought 40.30% versus an average of 49.8% of recent sales

• Direct take down 12.85% versus 6.6% recently

• Allotted at high 32.83%

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