NEW YORK - The Treasury Department auctioned $21 billion of 9-year 11-month notes with a 2 1/8% coupon at a 2.000% high yield, a price of 101.1176812
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The bid-to-cover ratio was 3.03.
Tenders at the high yield were allotted 45.20%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.947%. The low yield was 1.860%.
Tenders totaled $63,677,106,900 and the Treasury accepted $21,000,026,900 including $13,406,900 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated August 15, will mature August 15, 2021.
