August 28, 2018 / 5:18 PM / 3 months ago

U.S. sells 5-year notes to solid demand

NEW YORK, Aug 28 (Reuters) - The U.S. Treasury Department on Tuesday sold $37 billion of five-year government debt to solid investor demand at a yield of 2.765 percent, which was below the yield at the prior five-year auction in July, Treasury data showed.

On the other hand, overall bidding for the latest five-year Treasury auction was less aggressive than July. The ratio of bids to the amount offered came in at 2.49, which was the lowest reading since April. (Reporting by Richard Leong)

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