NEW YORK - The Treasury Department today auctioned $43 billion of two-year notes with a 1% coupon at a 1.034% yield, a price of 99.932870.
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The bid-to-cover ratio was 3.23.
Tenders at the high yield were allotted 27.16%.
The median yield was 0.990%. The low yield was 0.920%.
Tenders totaled $138,839,628,500 and the Treasury accepted $43,000,008,000, including $433,978,000 non-competitive.
The Fed banks also bought $761,655,200 for their own account in exchange for maturing securities.
The two-year notes are dated Sept. 30 and due Sept. 30, 2011.
