Investment funds buy $28.837 billion 10-year note in July - U.S. Treasury

July 22 (Reuters) – Large investment managers bought $28.837 billion at a 10-year note auction held in July,

compared with the $26.477 billion they purchased the previous month, data from the U.S. Treasury Department released on Monday showed.

Overseas investors, another major group of holders of U.S. government debt, bought $4.424 billion of the latest 10-year supply,

compared with $6.709 billion they purchased the previous month, according to the Treasury Department’s auction allotment data.

The Treasury also sold some of $45 billion of 10-year notes earlier this month to banks, pension funds and Wall Street bond dealers.

At other auctions held the same week as the 10-year auction, large investment managers bought $42.649 billion of 3-year notes,

compared with the $38.160 billion they purchased the previous month. They bought $16.387 billion in 30-year bonds versus $16.148 billion

the prior month.

Overseas investors bought $5.771 billion of the latest 3-year supply, compared with $6.659 billion they purchased the previous month.

They bought $1.624 billion of 30-year bonds versus $2.294 billion the prior month.

The Treasury offered $67 billion in 3-year notes and $26 billion in 30-year bonds.

((New York Treasury Desk +1-646-223-6300))