The Treasury Department auctioned $21 billion of 9-year 10-month notes with a 2% coupon at a 1.925% high yield, a price of 100.667141.
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The bid-to-cover ratio was 2.62.
Tenders at the high yield were allotted 74.56%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.888%. The low yield was 1.840%.
Tenders totaled $54,919,481,500 and the Treasury accepted $21,000,013,500 including $12,184,500 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, 2025.
