NEW YORK - The Treasury Department auctioned $21 billion of 9-year 11-month notes with a 3 3/8% coupon at a 3.448% high yield, a price of 99.387238.
Processing Content
The bid-to-cover ratio was 2.62.
Tenders at the high yield were allotted 67.28%. All competitive tenders at lower yields were accepted in full.
The median yield was 3.360%. The low yield was 3.300%.
Tenders totaled $55,062,801,400 and the Treasury accepted $21,000,021,400 including $45,201,400 non-competitive.
The Fed banks bought $112,945,900 for their own account in exchange for maturing securities.
The notes, which are dated Nov. 15, will mature Nov. 15, 2019.
