NEW YORK: The US Treasury Department on Tuesday sold $26 billion of two-year government notes at a yield of 1.596 percent, the highest yield at auction for this debt maturity in nine years, Treasury data showed.
The ratio of bids to the amount of two-year Treasuries offered was 2.74, down from 2.88 at the prior two-year auction in September. This measure of overall auction demand was the lowest since March.
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