Make Kitco Your Homepage

Treasury auctions U.S. 3-year note at highest yield since 2007

Kitco News

NEW YORK, Sept 11 (Reuters) - The U.S. Treasury Department on Tuesday sold $35 billion of three-year government notes, the largest offering at this maturity since 2010, at a high yield of 2.821 percent, the highest since May 2007, Treasury data showed.

The ratio of bids to the amount of three-year debt offered was 2.68, higher than 2.65 in August and 2.51 in July which was the lowest reading since April 2009. Indirect bidders, who are used as a proxy for foreign demand, took 46.28 percent of the supply, higher than 42.68 percent in August, but lower than the average of 51.22 percent. (Reporting by Kate Duguid Editing by Susan Thomas)

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.

Precious Metal Charts

Follow Kitco News

Holiday Promo Bullion Coins