NEW YORK - The Treasury Department auctioned $21 billion of 9-year 11-month notes with a 2 5/8% coupon at a 2.670% high yield, a price of 99.607796.
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The bid-to-cover ratio was 3.21.
Tenders at the high yield were allotted 54.70%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.630%. The low yield was 2.538%.
Tenders totaled $67,438,329,700 and the Treasury accepted $21,000,009,700 including $40,222,200 non-competitive.
The Fed banks bought $227,181,800 for their own account in exchange for maturing securities.
The notes, which are dated August 15, will mature August 15, 2020.
