PUBLIC DEBT NEWS
Department of the Treasury • Bureau of the Public Debt • Washington, DC 20239
TREASURY SECURITY AUCTION RESULTS
BUREAU OF THE PUBLIC DEBT - WASHINGTON DC
FOR IMMEDIATE RELEASE CONTACT: Office of Financing
November 26, 2003 202-691-3550
RESULTS OF TREASURY'S AUCTION OF 2-YEAR NOTES
Interest Rate: 1 7/8% Issue Date: December 01, 2003
Series: S-2005 Dated Date: November 30, 2003
CUSIP No: 912828BS8 Maturity Date: November 30, 2005
High Yield: 1.939% Price: 99.875
All noncompetitive and successful competitive bidders were awarded
securities at the high yield. Tenders at the high yield were
allotted 19.84%. All tenders at lower yields were accepted in full.
Accrued interest of $ 0.05123 per $1,000 must be paid for the period
from November 30, 2003 to December 01, 2003.
AMOUNTS TENDERED AND ACCEPTED (in thousands)
Tender Type Tendered Accepted
----------- ----------------- -----------------
Competitive $ 44,702,000 $ 25,316,344
Noncompetitive 683,751 683,751
FIMA (noncompetitive) 0 0
----------------- -----------------
SUBTOTAL 45,385,751 26,000,095 1/
Federal Reserve 6,200,720 6,200,720
----------------- -----------------
TOTAL $ 51,586,471 $ 32,200,815
Median yield 1.883%: 50% of the amount of accepted competitive tenders
was tendered at or below that rate. Low yield 1.850%: 5% of the amount
of accepted competitive tenders was tendered at or below that rate.
Bid-to-Cover Ratio = 45,385,751 / 26,000,095 = 1.75
1/ Awards to TREASURY DIRECT = $512,848,000
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