The Treasury Department Tuesday auctioned $26 billion of two-year notes with a 3/4% coupon at a 0.760% yield, a price of 99.980208.
Processing Content
The bid-to-cover ratio was 2.52.
Tenders at the high yield were allotted 97.06%.
The median yield was 0.727%. The low yield was 0.600%.
Tenders totaled $65,527,199,100 and the Treasury accepted $26,000,159,100, including $172,949,100 non-competitive.
The Fed banks bought $1,815,682,000 for their own account.
The two-year notes are dated July 31 and due July 31, 2018.
