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NEW YORK, Jan 11 (Reuters) - The U.S. Treasury Department on Wednesday sold $20 billion of an older 10-year government note issue to strong investor demand, resulting in a yield that was lower than what traders had expected.
The ratio of bids to the amount of reopened 10-year note offered was 2.58, up from 2.39 at the prior 10-year note sale in December. This gauge of overall auction demand was the highest at a 10-year note sale since June 2016. (Reporting by Richard Leong; editing by Diane Craft)