NEW YORK - The Treasury Department auctioned $21 billion of 9-year 11-month notes with a 2% coupon at a 2.076% high yield, a price of 99.320389.
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The bid-to-cover ratio was 3.24.
Tenders at the high yield were allotted 26.58%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.025%. The low yield was 1.950%.
Tenders totaled $68,045,587,300 and the Treasury accepted $21,000,187,300 including $20,387,300 non-competitive.
The Fed banks bought $1,458,136,400 for their own account in exchange for maturing securities.
The notes, which are dated Feb. 15, 2012, will mature Feb. 15, 2022.
