NEW YORK - The Treasury Department today auctioned $35 billion of two-year notes with a 1/4% coupon at a 0.280% yield, a price of 99.940209.
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The bid-to-cover ratio was 4.07%
Tenders at the high yield were allotted 8.48%.
The median yield was 0.250%. The low yield was 0.206%.
Tenders totaled $142,490,683,200 and the Treasury accepted $35,000,243,200, including $173,183,200 non-competitive.
The Fed banks also bought $1,585,824,100 for their own account in exchange for maturing securities.
The two-year notes are dated Nov. 30 and due Nov. 30, 2013.
