NEW YORK - The Treasury Department auctioned $21 billion of 9-year 10-month notes with a 2 5/8% coupon at a 3.388% high yield, a price of 93.664061.
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The bid-to-cover ratio was 3.30.
Tenders at the high yield were allotted 38.50%. All competitive tenders at lower yields were accepted in full.
The median yield was 3.350%. The low yield was 3.285%.
Tenders totaled $69,367,613,800 and the Treasury accepted $21,000,023,800 including $37,488,800 non-competitive.
The Fed banks bought $460,212,600 for their own account in exchange for maturing securities.
The notes, which are dated November 15, will mature November 15, 2020.
