Indirect bidders buy 53.0% of 5-year note auction

1. 1:05pIndirect bidders buy 53.0% of 5-year note auction
2. 1:05pBidders offer $2.45 for each $1 in 5-yr debt sold
3. 1:05pTreasury sells $35 bln in 5-year debt at 1.484%
   
   http://www.marketwatch.com/story/treasurys-hold-gains-after-5-year-note-auction-2013-06-26?link=MW_home_latest_news 
   
    The Treasury Department sold $35 billion in 5-year notes 5_YEAR -3.28% Wednesday at a yield of 1.484%, the highest yield since July 2011. Bidders offered to buy 2.45 times the amount of debt sold, compared to an average of 2.81 times at the last 4 sales. Indirect bidders, a group that includes foreign central banks, bought 53.0%, versus 43.9% in recent sales. Direct bidders, which include domestic money managers, purchased another 3.6%, versus an average of 17.1%. The broader bond market stayed higher on the day after the auction. Yields on 10-year notes 10_YEAR -1.88% , which move inversely to prices, fell 4 basis points on the day to 2.575%