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
June 27, 2001 202-691-3550
RESULTS OF TREASURY'S AUCTION OF 2-YEAR NOTES
Interest Rate: 3 7/8% Issue Date: July 02, 2001
Series: R-2003 Dated Date: June 30, 2001
CUSIP No: 9128276Z0 Maturity Date: June 30, 2003
High Yield: 3.990% Price: 99.781
All noncompetitive and successful competitive bidders were awarded
securities at the high yield. Tenders at the high yield were
allotted 74.43%. All tenders at lower yields were accepted in full.
Accrued interest of $ 0.21060 per $1,000 must be paid for the period
from June 30, 2001 to July 02, 2001.
AMOUNTS TENDERED AND ACCEPTED (in thousands)
Tender Type Tendered Accepted
----------- ----------------- -----------------
Competitive $ 23,793,170 $ 9,900,018
Noncompetitive 1,100,061 1,100,061
----------------- -----------------
SUBTOTAL 24,893,231 11,000,079 1/
Federal Reserve 3,666,667 3,666,667
----------------- -----------------
TOTAL $ 28,559,898 $ 14,666,746
Median yield 3.968%: 50% of the amount of accepted competitive tenders
was tendered at or below that rate. Low yield 3.900%: 5% of the amount
of accepted competitive tenders was tendered at or below that rate.
BID-TO-COVER RATIO = 24,893,231 / 11,000,079 = 2.26
NO FIMA NONCOMPETITIVE BIDS WERE TENDERED IN TODAY'S AUCTION. THE STRIPS
MINIMUM IS $1,000.
1/ Awards to TREASURY DIRECT = $901,515,000
http://www.publicdebt.treas.gov