January 9, 2018 / 6:12 PM / 15 days ago

U.S. 3-year note sold at highest yield since 2007

NEW YORK, Jan 9 (Reuters) - The U.S. Treasury Department on Tuesday sold $24 billion of three-year government notes at a yield of 2.080 percent, which was the highest yield at an auction for this debt maturity since May 2007 when it was 4.574 percent, Treasury data showed.

The ratio of bids to the amount of three-year note offered was 3.13, comparable to the 3.15 at the prior three-year auction held in December. (Reporting by Richard Leong; Editing by James Dalgleish)

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