NEW YORK - The Treasury Department auctioned $21 billion of 9-year 10-month notes with a 3 5/8% coupon at a 3.494% high yield, a price of 101.075834.
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The bid-to-cover ratio was 3.13.
Tenders at the high yield were allotted 13.82%. All competitive tenders at lower yields were accepted in full.
The median yield was 3.429%. The low yield was 3.364%.
Tenders totaled $65,791,068,200 and the Treasury accepted $21,000,039,200 including $58,818,200 non-competitive.
The Fed banks bought $1,033,736,200 for their own account in exchange for maturing securities.
The notes, which are dated February 15, will mature February 15, 2021.
