June 13, 2017 / 5:18 PM / 3 months ago

U.S. sells 30-year bond at lowest yield since October

NEW YORK, June 13 (Reuters) - U.S. Treasury Department on Tuesday sold $12 billion of 30-year government bonds at a yield of 2.870 percent, which was the lowest at an auction of this debt maturity since October, Treasury data showed.

The ratio of bids to the amount of 30-year bonds offered was 2.32, the strongest level since March. This measure of overall auction demand was 2.19 at the prior 30-year auction in May. (Reporting by Richard Leong; Editing by Chizu Nomiyama)

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