October 24, 2017 / 5:15 PM / in a month

U.S. 2-year note sold at highest yield in nine years

NEW YORK, Oct 24 (Reuters) - The U.S. Treasury Department on Tuesday sold $26 billion of two-year government notes at a yield of 1.596 percent, the highest yield at auction for this debt maturity in nine years, Treasury data showed.

The ratio of bids to the amount of two-year Treasuries offered was 2.74, down from 2.88 at the prior two-year auction in September. This measure of overall auction demand was the lowest since March. (Reporting by Richard Leong; Editing by David Gregorio)

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