Banks offered RON1.03 billion at the tender, but the ministry rejected all yields above 6.35% a year, central bank data showed.
At the latest similar auction October 18, the ministry sold RON300 million of two-year paper at an average yield of 6.35% a year.
The ministry plans to sell state paper worth RON3.55 billion in November, slightly up from RON3.13 billion in the previous month.
So far in 2012, Romania sold on the local market RON47.9 billion in leu-denominated state notes and EUR421.5 million via a tap of an existing foreign currency bond due 2015.
Additionally, Romania tapped international debt markets for $2.25 billion at two US dollar-denominated bond sales and raised another EUR2.25 billion via two Eurobonds. (EUR1=RON4.5156)