The Treasury Department Wednesday auctioned $24 billion of 10-year notes with a 2 1/8% coupon at a 2.140% high yield, a price of 99.865607.
The bid-to-cover ratio was 3.22.
Tenders at the high yield were allotted 54.31%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.101%. The low yield was 2.000%.
Tenders totaled $77,381,487,100 and the Treasury accepted $24,000,053,700 including $40,387,100 non-competitive.
The Federal Reserve banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated Aug. 15, will mature Aug. 15, 2021.