NEW YORK - The Treasury Department auctioned $21 billion of 9-year 10-month notes with a 3 1/8% coupon at a 2.918% high yield, a price of 101.753719.
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The bid-to-cover ratio was 3.17.
Tenders at the high yield were allotted 65.17%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.891%. The low yield was 2.808%.
Tenders totaled $66,625,371,100 and the Treasury accepted $21,000,017,100 including $30,771,100 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated May 15, will mature May 15, 2021.
