US : 5-year debt sold at highest yield since December

NEW YORK : 2 The U.S. Treasury Department on Tuesday sold $ 34 billion in a five-year government note issue at a yield of 1.760 percent, the highest yield at an auction for this debt maturity since December, Treasury data showed.

The ratio of bids to the amount offered was 2.44, lower than prior auction’s 2.49 in October.