NEW YORK - The Treasury Department today auctioned $35 billion of two-year notes with a 3/8% coupon at a 0.395% yield, a price of 99.960197.
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The bid-to-cover ratio was 3.08%
Tenders at the high yield were allotted 50.43%.
The median yield was 0.359%. The low yield was 0.290%.
Tenders totaled $107,830,461,100 and the Treasury accepted $35,000,163,600, including $148,851,100 non-competitive.
The Fed banks also bought $1,126,806,400 for their own account in exchange for maturing securities.
The two-year notes are dated June 30 and due June 30, 2013.
