The Treasury Department auctioned $20 billion of nine-year 10-month notes with a 2 1/4% coupon at a 2.579% high yield, a price of 97.156278.
Carol M. Highsmith: Photographer
The bid-to-cover ratio was 2.69.
Tenders at the high yield were allotted 10.65%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.540%. The low yield was 2.400%.
Tenders totaled $53,805,067,000 and the Treasury accepted $20,000,050,000 including $8,167,000 non-competitive.
The Fed banks bought $677,315,100 for their own account in exchange for maturing securities.
The notes, which are dated Nov. 15, will mature Nov. 15, 2027.
