Demand Falters at Two-Year Treasury Auction as Fed Bets Mount

Updated on
  • 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.

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