Foreign buyers purchased $6.024 billion of the latest two-year notes in March, about half the $13.190 billion bought in the previous month. They also took $9.167 billion of five-year notes, down 28% from $12.648 billion in February.
Overseas investors took in $6.976 billion of seven-year debt in March, versus $10.547 billion the prior month.
Overall, the Treasury offered $76 billion in two-year notes, $77 billion in five-year debt, and $49 billion in seven-year securities.
Auction allotment data also showed large investment managers bought $44.320 billion of two-year notes, down from $48.093 billion in February.
These investment managers took in $48.188 billion of five-year notes, up slightly from $47.652 billion in the February auction. They also absorbed $30.360 billion in seven-year debt versus $28.099 billion the prior month.
In the Treasury Inflation-Protected Securities (TIPS) market, the Treasury offered $21 billion in 10-year TIPS. Investment funds bought $15.454 billion of that supply, 5% more than at the previous auction.
Foreign investors, however, purchased $1.747 billion, a 44% decline from the prior sale.
