The Treasury Department auctioned $20 billion of 9-year 11-month notes with a 1 1/2% coupon at a 1.699% high yield, a price of 98.190133.
Processing Content
The bid-to-cover ratio was 2.35.
Tenders at the high yield were allotted 31.81%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.640%. The low yield was 1.590%.
Tenders totaled $47,009,506,000 and the Treasury accepted $20,000,013,000 including $16,756,000 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated Aug. 15, will mature Aug. 15, 2026.
