April 26, 2018 / 5:12 PM / 8 months ago

U.S. 7-year note sold at highest yield in 8 years

NEW YORK, April 26 (Reuters) - The U.S. Treasury Department on Thursday sold $29 billion of seven-year government debt at a yield of 2.952 percent, the highest yield for this maturity at an auction since April 2010, Treasury data showed.

The ratio of bids to the amount of seven-year notes offered was 2.56, the strongest reading since January. This gauge of overall auction demand was 2.34 at the prior seven-year note sale in March. (Reporting by Richard Leong; Editing by Dan Grebler)

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