NEW YORK (Reuters) - The U.S. Treasury Department on Wednesday sold $41 billion of five-year government debt at a yield of 1.365%, marking the lowest yield at an auction on this maturity since October 2016, Treasury data showed.
The ratio of bids to the amount of five-year supply offered 912828YE4= was 2.48, the strongest reading since November 2018. This measure of overall auction demand was 2.26 at the previous five-year note sale in July. US5YINV=RR
Reporting by Richard Leong; Editing by Chizu Nomiyama