The Treasury Department auctioned $24 billion of 10-year notes with a 2% coupon at a 2.000% high yield, a price of 99.999892.
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The bid-to-cover ratio was 2.62.
Tenders at the high yield were allotted 88.15%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.970%. The low yield was 1.900%.
Tenders totaled $62,959,471,900 and the Treasury accepted $24,000,001,900 including $36,171,900 non-competitive.
The Fed banks bought $905,600 for their own account in exchange for maturing securities.
The notes, which are dated Feb. 15, will mature Feb. 15, 2025.
