The Treasury Department auctioned $20 billion of 9-year 10-month notes with a 1 5/8% coupon at a 1.516% high yield, a price of 100.991052.
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The bid-to-cover ratio was 2.33.
Tenders at the high yield were allotted 93.85%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.470%. The low yield was 1.395%.
Tenders totaled $46,572,996,500 and the Treasury accepted $20,000,001,500 including $4,660,500 non-competitive.
The Fed banks bought $1,302,644,700 for their own account in exchange for maturing securities.
The notes, which are dated May 15, will mature May 15, 2026.
