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6 months ago
U.S. 10-year notes sold to strong demand
March 8, 2017 / 6:25 PM / 6 months ago

U.S. 10-year notes sold to strong demand

NEW YORK, March 8 (Reuters) - The U.S. Treasury Department on Wednesday sold $20 billion of 10-year government notes to strong investor demand at a yield of 2.560 percent, which was the highest at a 10-year auction since July 2014, Treasury data showed.

The ratio of bids to the amount of 10-year debt offered was 2.66, above 2.29 at the prior 10-year note sale in February and the strongest reading since June 2016. (Reporting by Richard Leong; Editing by Jonathan Oatis)

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