Treasury 2-Year Notes Go At 0.802% High Yield

The Treasury Department yesterday auctioned $42 billion of two-year notes with a 0.750% coupon at a 0.802% yield, a price of 99.897034.

The bid-to-cover ratio was 3.16.

Tenders at the high yield were allotted 95.78%. The median yield was 0.770%. The low yield was 0.655%.

Tenders totaled $138,984,692,200 and the Treasury accepted $44,000,042,200, including $416,622,200 of noncompetitive.

The two-year notes are dated Nov. 30 and due Nov. 30, 2011.

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