NEW YORK - The Treasury Department auctioned $21 billion of 9-year 11-month notes with a 3 5/8% coupon at a 3.499% high yield, a price of 101.044608.
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The bid-to-cover ratio was 3.32.
Tenders at the high yield were allotted 77.02%. All competitive tenders at lower yields were accepted in full.
The median yield was 3.475%. The low yield was 3.410%.
Tenders totaled $69,692,427,500 and the Treasury accepted $21,000,027,900 including $68,727,500 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated February 15, will mature February 15, 2021.
