The Treasury Department yesterday auctioned $20 billion of nine-year 10-month notes with a 3 5/8% coupon at a 3.210% high yield, a price of 103.470013. The bid-to-cover ratio was 3.01. Tenders at the high yield were allotted 12.77%. The median yield was 3.167%. The low yield was 3.090%.

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