July 24, 2019 / 5:18 PM / 3 months ago

Indirect bidders buy least amount of U.S. 5-year notes since 2015

NEW YORK, July 24 (Reuters) - Indirect bidders which include fund managers and foreign central banks purchased their smallest share of U.S. five-year government notes at an auction in 3-1/2 years, Treasury Department data released on Wednesday showed.

The Treasury allotted this group of bidders 53.41% of the $41 billion five-year issue offered, which was their smallest award since December 2015. At the previous five-year auction in June, it allotted indirect bidders 57.11% of the supply. (Reporting by Richard Leong; Editing by Cynthia Osterman)

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