NEW YORK - The Treasury Department today auctioned $35 billion of two-year notes with a 1/2% coupon at a 0.520% yield, a price of 99.960259.
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The bid-to-cover ratio was 3.70.
Tenders at the high yield were allotted 2.46%.
The median yield was 0.500%. The low yield was 0.443%.
Tenders totaled $129,497,541,000 and the Treasury accepted $35,000,198,000, including $297,391,000 non-competitive.
The Fed banks also bought $1,379,124,800 for their own account in exchange for maturing securities.
The two-year notes are dated November 30 and due November 30, 2012.
