The Treasury Department yesterday auctioned nine-year, four-month notes with a 3.500% coupon at a 3.790% yield, a price of 97.730424.

The bid-to-cover ratio was 2.31.

Tenders at the high yield were allotted 73.69%.

The median yield was 3.719%. The low yield was 3.640%.

The nine-year, four-month notes are dated Oct. 15 and due Feb. 15, 2018.

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