WASHINGTON - The Treasury Department's plan to experiment with single-price auctions of two-year and five-year notes drew mixed reaction from government securities dealers yesterday, but on balance traders seemed to agree the idea is worth trying.

Details of the plan, announced by Undersecretary Jerome Powell, call for the Treasury to begin awarding all two-year and five-year notes that are sold at the government's monthly auctions at one market-clearing price.

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