December 26, 2017 / 6:23 PM / 6 months ago

U.S. sold 2-year notes at highest yield since 2008

NEW YORK, Dec 26 (Reuters) - The U.S. Treasury Department on Tuesday sold $26 billion of two-year, fixed-rate government notes at a yield of 1.922 percent, the highest yield at a two-year auction since September 2008, Treasury data showed.

The ratio of bids to the amount of two-year Treasuries offered was 2.52, the lowest reading in a year. This gauge of overall auction demand was 2.73 at the previous two-year note sale in November. (Reporting by Richard Leong; Editing by James Dalgleish)

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