Mumbai, Dec. 23 -- Treasury Department on Monday revealed this month's auction of $69 billion worth of two-year notes attracted below average demand. The two-year note auction saw a high yield of 3.49 percent and a bid-to-cover ratio of 2.54. Last month too, the Treasury $69 billion worth of two-year notes, drawing a high yield of 3.48 percent and a bid-to-cover ratio of 2.68.

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