Treasury 2-Year Notes Auctioned At 0.283% High Yield

The Treasury Department Tuesday auctioned $35 billion of two-year notes with a 1/4% coupon at a 0.283% yield, a price of 99.934233.

The bid-to-cover ratio was 3.04%

Tenders at the high yield were allotted 80.95%.

The median yield was 0.271%. The low yield was 0.205%.

Tenders totaled $106,419,860,600 and the Treasury accepted $35,000,060,600, including $158,960,600 non-competitive.

The Fed banks bought nothing for their own account in exchange for maturing securities.

The two-year notes are dated May 31 and due May 31, 2015.

For reprint and licensing requests for this article, click here.
MORE FROM BOND BUYER