April 24, 2018 / 5:19 PM / a month ago

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

NEW YORK, April 24 (Reuters) - The U.S. Treasury Department on Tuesday sold $32 billion of two-year fixed-rate debt at a yield of 2.498 percent, the highest yield at an auction of this maturity since July 2008, Treasury data showed.

The ratio of bids to the amount of two-year notes offered was 2.61, the weakest since December. This gauge on overall auction demand was 2.91 at the prior two-year auction held in March. (Reporting by Richard Leong; Editing by Dan Grebler)

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