Investors showed up in force for the US$90 billion in notes auctioned this week by the Treasury Department amid a rebound in yields and pervasive negative rates in Europe.

As traders ponder the timing for the Federal Reserve's first interest-rate increase since 2006, America's government debt yields have risen by as much as about a half a percentage point from lows reached in January. That comes as more than $1 trillion of sovereign bonds have negative yields in overseas debt markets.

The Treasury's sale of two-, five-, and seven-year debt each came at the highest auction yield in 2015. Bidding levels for this week's debt, as well as the month overall, were the strongest since February.

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