NEW YORK - The Treasury Department auctioned $20 billion of 9-year 10-month notes with a 3 5/8% coupon at a 3.210% high yield, a price of 103.470013.
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The bid-to-cover ratio was 3.01.
Tenders at the high yield were allotted 12.77%. All competitive tenders at lower yields were accepted in full.
The median yield was 3.167%. The low yield was 3.090%.
Tenders totaled $60,264,521,000 and the Treasury accepted $20,000,033,000 including $41,921,000 non-competitive.
The Fed banks bought $156,410,200 for their own account in exchange for maturing securities.
The notes, which are dated Aug. 15, will mature Aug. 15, 2019.
