By Deborah Levine
NEW YORK (MarketWatch) -- The Treasury Department sold $35 billion in 5-year notes UST5YR +3.13% on Wednesday at a yield of 2.124%. Bidders offered to buy 2.77 times the amount of debt sold, right in line with the average at the last four auctions. Indirect bidders, a group which includes foreign central banks, bought 40% of the sale, versus an average of 39.2% of recent sales. Direct bidders, a group which includes domestic money managers, purchased another 11.2%, compared to 8.7% on average. After the auction, Treasury prices fell a little further. Yields on 10-year notes UST10Y +1.72% , which move inversely to prices, rose 5 basis points to 3.36%.
