The Treasury Department auctioned $21 billion of 9-year 10-month notes with a 2% coupon at a 1.795% high yield, a price of 101.839163.
The bid-to-cover ratio was 2.79.
Tenders at the high yield were allotted 54.31%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.759%. The low yield was 1.720%.
Tenders totaled $58,619,259,300 and the Treasury accepted $21,000,008,800 including $8,609,300 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated Feb. 15, will mature Feb. 15, 2023.