NEW YORK - The Treasury Department auctioned $21 billion of 9-year 11-month notes with a 3 1/2% coupon at a 3.242% high yield, a price of 102.169092.
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The bid-to-cover ratio was 3.24.
Tenders at the high yield were allotted 87.15%. All competitive tenders at lower yields were accepted in full.
The median yield was 3.199%. The low yield was 3.096%.
Tenders totaled $68,071,010,700 and the Treasury accepted $21,000,048,200 including $46,310,700 non-competitive.
The Fed banks bought $121,200,000 for their own account in exchange for maturing securities.
The notes, which are dated May 15, will mature May 15, 2020.
