The Treasury Department Tuesday auctioned $26 billion of two-year notes with a 3/4% coupon at a 0.860% yield, a price of 99.782632.
Processing Content
The bid-to-cover ratio was 2.90.
Tenders at the high yield were allotted 97.03%.
The median yield was 0.830%. The low yield was 0.688%.
Tenders totaled $75,347,385,600 and the Treasury accepted $26,000,048,900, including $172,235,600 non-competitive.
The Fed banks bought $473,307,900 for their own account in exchange for maturing securities.
The two-year notes are dated Jan. 31 and due Jan. 31, 2018.
