NEW YORK - The Treasury Department today auctioned $35 billion of two-year notes with a 5/8% coupon at a 0.673% yield, a price of 99.905047.
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The bid-to-cover ratio was 3.06%
Tenders at the high yield were allotted 79.79%.
The median yield was 0.640%. The low yield was 0.577%.
Tenders totaled $106,975,052,000 and the Treasury accepted $35,000,067,300, including $310,702,000 non-competitive.
The Fed banks also bought $2,208,217,500 for their own account in exchange for maturing securities.
The two-year notes are dated May 2 and due April 30, 2013.
