The Treasury Department today auctioned $35 billion of two-year notes with a 1/4% coupon at a 0.250% yield and priced at par.

The bid-to-cover ratio was 3.75% Tenders at the high yield were allotted 38.96%. The median yield was 0.242%. The low yield was 0.179%.

Tenders totaled $131,202,478,200 and the Treasury accepted $35,000,195,800, including $196,678,200 of noncompetitive.                                        

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