The Treasury Department auctioned $23 billion of 10-year notes with a 1 1/2% coupon at a 1.503% high yield, a price of 99.972242.
Processing Content
The bid-to-cover ratio was 2.43.
Tenders at the high yield were allotted 20.45%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.450%. The low yield was 1.388%.
Tenders totaled $55,906,228,600 and the Treasury accepted $23,000,028,600 including $16,778,600 non-competitive.
The Fed banks bought $2,355,851,800 for their own account in exchange for maturing securities.
The notes, which are dated Aug. 15, will mature Aug. 15, 2026.
