Treasury auctions U.S. 3-year note at highest yield since 2007
NEW YORK, Sept 11 (Reuters) - The U.S. Treasury Department
on Tuesday sold $35 billion of three-year government notes, the
largest offering at this maturity since 2010, at a high yield of
2.821 percent, the highest since May 2007, Treasury data showed.
The ratio of bids to the amount of three-year debt offered
was 2.68, higher than 2.65 in August and 2.51 in
July which was the lowest reading since April 2009. Indirect
bidders, who are used as a proxy for foreign demand, took 46.28
percent of the supply, higher than 42.68 percent in August, but
lower than the average of 51.22 percent.
(Reporting by Kate Duguid
Editing by Susan Thomas)
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