The Treasury Department Tuesday auctioned $21 billion of nine-year, 11-month notes with a 3 5/8% coupon at a 3.499% high yield, and a price of 101.044608.
The bid-to-cover ratio was 3.32.
Tenders at the high yield were allotted 77.02%. All competitive tenders at lower yields were accepted in full.
The median yield was 3.475%. The low yield was 3.410%.
Tenders totaled $69,692,427,500 and the Treasury accepted $21,000,027,900, including $68,727,500 of noncompetitive.