NEW YORK - The Treasury Department auctioned $24 billion of 9-year 11-month notes with a 2% coupon at a 2.020% high yield, a price of 99.819684.
Processing Content
The bid-to-cover ratio was 3.53.
Tenders at the high yield were allotted 67.48%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.989%. The low yield was 1.850%.
Tenders totaled $74,206,867,000 and the Treasury accepted $21,000,057,400 including $33,267,000 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, will mature Nov. 15, 2021.
