U.S. sells 10-year notes at highest yield in four years

NEW YORK (Reuters) - The U.S. Treasury Department on Wednesday sold $24 billion in 10-year government notes at a yield of 2.811 percent, which was the highest yield at a 10-year auction in four years, Treasury data showed.

The ratio of bids to the amount offered <9128283W8=> was 2.34, which was the lowest reading since September. This gauge on overall auction demand was 2.69 at the prior 10-year note sale in January.

(Reporting by Richard Leong; Editing by Paul Simao)

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