NEW YORK - The Treasury Department auctioned $21 billion of 9-year 10-month notes with a 3 1/2% coupon at a 3.119% high yield, a price of 103.199671.
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The bid-to-cover ratio was 3.09.
Tenders at the high yield were allotted 77.69%. All competitive tenders at lower yields were accepted in full.
The median yield was 3.071%. The low yield was 2.970%.
Tenders totaled $64,993,127,100 and the Treasury accepted $21,000,002,600 including $48,677,100 non-competitive.
The Fed banks bought $5,962,900 for their own account in exchange for maturing securities.
The notes, which are dated May 15, will mature May 15, 2020.
