US sells 5-year notes to solid demand

NEW YORK: The US 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.