NEW YORK - The Treasury Department auctioned $21 billion of 9-year 10-month notes with a 2 5/8% coupon at a 2.475% high yield, a price of 101.298742.
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The bid-to-cover ratio was 2.99.
Tenders at the high yield were allotted 9.27%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.420%. The low yield was 2.356%.
Tenders totaled $62,788,534,200 and the Treasury accepted $21,000,030,200 including $15,733,200 non-competitive.
The Fed banks bought $184,545,400 for their own account in exchange for maturing securities.
The notes, which are dated August 15, will mature August 15, 2020.
