U.S. Treasury sells $42 billion of 10 year notes at a high yield of 5.02%

The US treasury sold $42 billion of 10 year notes: High yield: 5.02% WI level at the time of the auction: 5.01% Tail: +1.0 basis point vs the average of −0.6 basis points Bid to cover: 2.46X vs the average of 2.60X Directs: 29.0% vs the average of 15.9% Indirects: 61.2% vs…