Treasury 2-Year Notes Auctioned At 0.233% High Yield

The Treasury Department Tuesday auctioned $35 billion of two-year notes with a 1/8% coupon at a 0.233% yield, a price of 99.784628.

The bid-to-cover ratio was 3.63%

Tenders at the high yield were allotted 3.83%.

The median yield was 0.220%. The low yield was 0.164%.

Tenders totaled $126,989,409,200 and the Treasury accepted $35,000,209,200, including $141,809,200 non-competitive.

The Fed banks bought nothing for their own account in exchange for maturing securities.

The two-year notes are dated April 30 and due April 30, 2015.

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