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)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.