June 25, 2019 / 5:31 PM / 3 months ago

U.S. 2-year note sold at lowest yield since 2017

NEW YORK, June 25 (Reuters) - The U.S. Treasury Department on Tuesday sold $40 billion of two-year, fixed-rate government notes at a yield of 1.695%, the lowest yield at an auction of this debt maturity since October 2017, Treasury data showed.

The ratio of bids to the amount of debt offered was 2.58, lower than the 2.75 at the prior two-year auction in May. (Reporting by Richard Leong, editing by G Crosse)

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