U.S. sells $26 bln 10-year notes at high yield 2.960%, awards 35.06% of bids at high

Below are the results of the U.S. Treasury Department's Dutch bidding auction of 10-year notes, as reported by Reuters.

• Sells $26 bln 10-year notes at high yield 2.960%, awards 35.06% of bids at high.
• 10-year notes bid-to-cover ratio 2.55, non-comp bids $29.45 mln.
• High yield at latest 10-year note sale was less than 1 basis point below its 1 P.M. when-issued level.
• Primary dealers take 27.45% of U.S. 10-year notes sale, direct 11.27% and indirect 61.27%.
• Primary dealer accepted bids 17.55% of amount tendered in U.S. 10-year notes sale, directs take 71.71% of bid amount, indirects 74.2 %.