April 9, 2019 / 5:14 PM / 14 days ago

U.S. 3-year note sold at lowest yield in 14 months

NEW YORK, April 9 (Reuters) - The U.S. Treasury Department on Tuesday sold $38 billion of three-year government notes at a yield of 2.301%, the lowest yield for this debt maturity at an auction since February 2018, Treasury data showed.

The ratio of bids to the amount of three-year notes offered was 2.49, which was the lowest reading since January. This gauge of overall auction demand was 2.56 at the previous three-year note sale in March. (Reporting by Richard Leong; Editing by Dan Grebler)

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