NEW YORK - The Treasury Department auctioned $21 billion of 9-year 10-month notes with a 3 3/8% coupon at a 3.754% high yield, a price of 96.900805.
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The bid-to-cover ratio was 3.00.
Tenders at the high yield were allotted 49.95%. All competitive tenders at lower yields were accepted in full.
The median yield was 3.700%. The low yield was 3.618%.
Tenders totaled $62,919,126,500 and the Treasury accepted $21,000,014,000 including $66,506,500 non-competitive.
The Fed banks bought $815,373,700 for their own account in exchange for maturing securities.
The notes, which are dated Nov. 15, will mature Nov. 15, 2019.
