NEW YORK - The Treasury Department auctioned $21 billion of 9-year, 10-month notes with a 3 5/8% coupon at a 3.900% high yield, a price of 97.763192.
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The bid-to-cover ratio was 3.72.
Tenders at the high yield were allotted 99.62%. All competitive tenders at lower yields were accepted in full.
The median yield was 3.874%. The low yield was 3.820%.
Tenders totaled $78,076,074,700 and the Treasury accepted $21,000,258,700 including $102,734,600 non-competitive.
The Fed banks bought $1,537,283,200 for their own account in exchange for maturing securities.
The notes, which are dated Feb. 15, will mature Feb. 15, 2020.
