Mumbai, Oct. 28 -- The US Treasury Department yesterday announced the results of this month's auctions of $69 billion worth of two-year notes and $70 billion worth of five-year notes. The two-year note auction saw a high yield of 3.504 percent and a bid-to-cover ratio of 2.59. Last month, the Treasury also sold $69 billion worth of two-year notes, drawing a high yield of 3.571 percent and a bid-to-cover ratio of 2.51. The ten previous two-year note auctions had an average bid-to-cover ratio of 2.61.

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