The Treasury Department auctioned $24 billion of 10-year notes with a 1 3/4% coupon at a 1.810% high yield, a price of 99.453420.

The bid-to-cover ratio was 2.70.

Tenders at the high yield were allotted 94.12%. All competitive tenders at lower yields were accepted in full.

The median yield was 1.774%. The low yield was 1.699%.

Tenders totaled $64,761,788,800 and the Treasury accepted $24,000,037,200 including $18,488,800 non-competitive.

The Fed banks bought nothing for their own account in exchange for maturing securities.

The notes, which are dated May 15, will mature May 15, 2023.

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