May 7, 2019 / 5:20 PM / 18 days ago

U.S. 3-year notes sold at lowest yields in 16 months

NEW YORK, May 7 (Reuters) - The U.S. Treasury Department on Tuesday sold $38 billion of three-year government notes at a yield of 2.248%, the lowest yield for this debt maturity at an auction since January 2018, Treasury data showed.

The ratio of bids to the amount of three-year notes offered was 2.48, the weakest reading since January. This measure of overall auction demand was 2.49 at the previous three-year note sale in April. (Reporting by Richard Leong; editing by Jonathan Oatis)

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