Treasuries Draw Weakest Demand Since ‘08 at Auction as Fed Looms

  • Two-year sale kicks off week’s $103 billion of coupon auctions
  • Fed to keep door open for one 2016 hike: Credit Agricole

The Treasury’s auction of two-year notes lured the weakest demand since 2008 as bond traders bet Federal Reserve policy makers this week will acknowledge signs of economic strength, bolstering the case for an interest-rate increase this year.

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