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U.S. awards 2-year notes to strong demand, yield at highest since 2008
June 26, 2017 / 5:15 PM / 5 months ago

U.S. awards 2-year notes to strong demand, yield at highest since 2008

NEW YORK, June 26 (Reuters) - The U.S. Treasury Department on Monday sold $26 billion of two-year government notes at a yield of 1.348 percent, which was the highest yield since October 2008, to strong investor demand, Treasury data showed.

The ratio of bids to the amount of two-year notes offered was 3.03, which the strongest since November 2015. This measure of overall auction demand was 2.90 at the prior two-year note sale in May. (Reporting by Richard Leong, editing by G Crosse)

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