September 25, 2018 / 5:17 PM / 3 months ago

U.S. 5-year notes sold at highest yield in a decade

NEW YORK, Sept 25 (Reuters) - The U.S. Treasury Department on Tuesday sold $38 billion of five-year government notes at a yield of 2.997 percent, the highest yield at an auction of this maturity since September 2008, according to Treasury data.

The ratio of bids to the amount offered was 2.39, which was the weakest reading since December. This gauge of overall auction demand was 2.49 at the previous five-year note auction in August. (Reporting by Richard Leong; Editing by Bernadette Baum)

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