How tight is your rear axle nut? 35 ftlbs is plenty. If it's overtorqued that might make the bearings squeak.
Are you sure it's from the back? My front brakes drag a bit and I'll notice a similar noise when turning left at low speed. Lots more flex up in the front end when turning. I'd at least check to see if your front brakes drag. If they do, pull the pads out of the calipers and without using the front brake, take the bike up and down your street to see if the noise persists.