NEW YORK - The Treasury Department auctioned $24 billion of 10-year notes with a 1.75% coupon at a 1.855% high yield, a price of 99.045657.
The bid-to-cover ratio was 2.90.
Tenders at the high yield were allotted 20.18%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.810%. The low yield was 1.700%.
Tenders totaled $69,515,277,600 and the Treasury accepted $24,000,086,600 including $23,077,600 non-competitive.
The Fed banks bought $1,501,532,900 for their own account in exchange for maturing securities.
The notes, which are dated May 15, 2012, will mature May 15, 2022.