NEW YORK - The Treasury Department auctioned $21 billion of 9-year 10-month notes with a 2 1/8% coupon at a 2.271% high yield, a price of 98.717572.
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The bid-to-cover ratio was 2.86.
Tenders at the high yield were allotted 32.58%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.190%. The low yield was 2.097%.
Tenders totaled $60,084,857,200 and the Treasury accepted $21,000,017,200 including $11,352,200 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.
