NEW YORK (Reuters) – The U.S. Treasury Department on Wednesday sold a record $38 billion in 10-year government notes to strong demand at a high yield of 0.677%, which was better than the 0.653% at the prior 10-year auction in July, Treasury data showed.
The ratio of bids to the amount of 10-year notes offered was 2.41, roughly in line with the average. This measure of overall auction demand was 2.62 at the July auction.
(Reporting by Kate Duguid)
