The Treasury Department auctioned $21 billion of nine-year, 11-month notes with a 1.75% coupon at a 1.622% high yield, a price of 101.167093.

The bid-to-cover ratio was 3.06.

Tenders at the high yield were allotted 33.76%. All competitive tenders at lower yields were accepted in full.

The median yield was 1.598%. The low yield was 1.530%.

Tenders totaled $64,274,559,100 and the Treasury accepted $21,000,015,100, including $10,809,100 of noncompetitive.

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