NEW YORK - The Treasury Department today auctioned $35 billion of two-year notes with a 5/8% coupon at a 0.740% yield, a price of 99.772112.
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The bid-to-cover ratio was n.a.
Tenders at the high yield were allotted 68.25%.
The median yield was 0.720%. The low yield was 0.650%.
Tenders totaled $129,597,605,000 and the Treasury accepted $34,727,660,000, including $272,505,500 non-competitive.
The Fed banks also bought $1,754,353,400 for their own account in exchange for maturing securities.
The two-year notes are dated December 31 and due December 31, 2012.
