Demand Falters at Two-Year Treasury Auction as Fed Bets MountBy and
Fed's Yellen cites December meeting as `live possibility'
Wednesday note sale's bid-to-cover is lowest since 2010
Two-year Treasury yields reached the highest since 2011 as Federal Reserve Chair Janet Yellen said she sees the economy performing well, stoking speculation the central bank will raise its benchmark interest rate next month.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.