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Markets

Bid-to-cover at US 2-year note sale lowest in a decade

Published Updated

NEW YORK: A gauge of overall demand for $40 billion worth of US two-year Treasury note supply on Monday fell to a 10-year low with its yield reaching its lowest level since June, Treasury data showed.

The ratio of bids to the amount of two-year notes offered was 2.31, the lowest reading since December 2008.

Copyright Reuters, 2018
 

 

 

 

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