The Treasury Department yesterday auctioned $10 billion of nine-year, 11-month notes, with a 3.500% coupon at a 3.510% high yield, a price of 99.912591.

The bid-to-cover ratio was 1.79. Tenders at the high yield were allotted 6.77%. The median yield was 3.465%. The low yield was 3.421%.

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