Mumbai, Nov. 11 -- The US Treasury Department on Monday announced details of this month's sale of $58 billion worth of three-year notes. The three-year note auction drew a high yield of 3.57 percent and a bid-to-cover ratio of 2.85. Last month, the Treasury sold $58 billion worth of three-year notes, recording a high yield of 3.57 percent and a bid-to-cover ratio of 2.66. The ten previous three-year note auctions had an average bid-to-cover ratio of 2.61.

Published by HT Digital Content Services with permission from Capital Market....