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U.S. 2-year note sells at highest yield since 2008
September 26, 2017 / 5:20 PM / 3 months ago

U.S. 2-year note sells at highest yield since 2008

NEW YORK, Sept 26 (Reuters) - The U.S. Treasury Department on Tuesday sold $26 billion of two-year fixed-rate notes at a yield of 1.462 percent, the highest level at a two-year auction since October 2008 prior to the Federal Reserve’s adoption of near-zero interest rates.

The ratio of bids to the amount of notes offered was 2.88, compared with 2.86 at the previous two-year auction in August, Treasury data showed. (Reporting by Richard Leong; Editing by W Simon)

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