January 24, 2018 / 6:13 PM / 4 months ago

U.S. sells 5-year notes at highest yield since 2010

NEW YORK, Jan 24 (Reuters) - The U.S. Treasury Department on Wednesday sold $34 billion of five-year government notes at a yield of 2.434 percent, which was the highest yield at an auction of this debt maturity since April 2010, Treasury data showed.

The ratio of bids to the amount of five-year Treasuries offered was 2.48, the strongest reading since September. This measure of overall auction demand was 2.36 at the previous five-year note sale held in December. (Reporting by Richard Leong; Editing by James Dalgleish)

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