By Deborah Levine
NEW YORK (MarketWatch) -- The Treasury Department sold $35 billion in 5-year notes 5_YEAR +1.52% on Wednesday at 0.887%, just above the record-low level set in December. Bidders offered to buy 3.09 times the amount of debt sold, compared to an average of three times at the last six auctions of 5-year notes, according to Nomura Securities. Indirect bidders, a group which includes foreign central banks, bought 47.5%, compared to 46%, on average. Direct bidders, a group which includes domestic money managers, purchased another 9.4%, versus an average of 11.8%. After the auction, which was moved earlier due to the Federal Reserve meeting, the broader bond market pared losses. Yields on 10-year notes 10_YEAR +0.61% , which move inversely to prices, rose 1 basis point to 1.99% after hovering over 2% during morning trading.
