July 10, 2018 / 5:38 PM / 6 days ago

U.S. 3-year note sale weakest since 2009

NEW YORK, July 10 (Reuters) - The U.S. Treasury Department on Tuesday sold $33 billion of three-year government notes to the weakest demand in more than nine years at a yield of 2.685 percent, which was the highest yield since May 2007, Treasury data showed.

The ratio of bids to the amount offered was 2.51, the lowest reading since April 2009. This gauge of overall auction demand was 2.83 at the prior three-year auction in June. (Reporting by Richard Leong; editing by Jonathan Oatis)

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