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发表于 2010-3-24 01:30 PM
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Treasury sees slim demand for 5-year debt
NEW YORK (MarketWatch) -- The Treasury Department sold $42 billion in 5-year notes /quotes/comstock/31*!ust5yr (UST5YR 2.58, +0.16, +6.80%) on Wednesday at 2.605%, higher than traders had anticipated. Bidders offered to buy 2.55 times the amount debt being sold, the lowest since September. That metric of investor demand also compares to 2.74 times on average at the last four sales of the securities, all for the same amount. Indirect bidders -- a class of investors that includes foreign central banks -- bought 39.6% of the offering, compared to an average of 49.6% of recent sales and the lowest since July. Direct bidders, including domestic money managers, purchased another 10.8%, versus 9% on average. After the auction, yields remained sharply higher in the broader government-bond market as corporate and other higher-risk debt drew investors away from Treasurys. Yields on 10-year notes, /quotes/comstock/31*!ust10y (UST10Y 3.82, +0.13, +3.64%) , which move inversely to prices, ros |
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