NEW YORK - The Treasury Department auctioned $24 billion of nine-year 10-month notes with a 1.625% coupon at a 1.680% high yield, a price of 99.495660.
The bid-to-cover ratio was 2.49.
Tenders at the high yield were allotted 72.94%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.630%. The low yield was 1.550%.
Tenders totaled $59,791,036,100 and the Treasury accepted $24,000,045,500 including $30,636,100 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated Aug. 15, 2012, will mature Aug. 15, 2022.
