Mumbai, Feb. 11 -- The US Treasury Department on Tuesday noted that this month's auction of $58 billion worth of three-year notes attracted average demand. The three-year note auction saw a high yield of 3.51 percent and a bid-to-cover ratio of 2.62. Last month, the Treasury sold $58 billion worth of three-year notes, drawing a high yield of 3.60 percent and a bid-to-cover ratio of 2.65. 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....