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Treasury 2-Year Notes Go At 1.119% High Yield

The Treasury Department yesterday auctioned $42 billion of two-year notes with a 1% coupon at a 1.119% yield, a price of 99.765292. The bid-to-cover ratio was 2.68. Tenders at the high yield were allotted 92.32%. The median yield was 1.060%. The low yield was 0.950%.

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