NEW YORK - The Treasury Department auctioned $21 billion of 9-year 10-month notes with a 2% coupon at a 1.900% high yield, a price of 100.890462.
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The bid-to-cover ratio was 3.29.
Tenders at the high yield were allotted 33.59%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.869%. The low yield was 1.780%.
Tenders totaled $69,044,331,300 and the Treasury accepted $21,000,077,400 including $20,331,300 non-competitive.
The Fed banks bought $768,556,600 for their own account in exchange for maturing securities.
The notes, which are dated Nov. 15, 2011, will mature Nov. 15, 2021.
