The Treasury Department auctioned $23 billion of 10-year notes with a 2% coupon at a 2.020% high yield, a price of 99.819726.
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The bid-to-cover ratio was 2.22.
Tenders at the high yield were allotted 15.58%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.950%. The low yield was 1.850%.
Tenders totaled $51,014,152,400 and the Treasury accepted $20,000,068,400 including $20,302,400 non-competitive.
The Fed banks bought $5,035,188,500 for their own account in exchange for maturing securities.
The notes, which are dated Nov. 15, will mature Nov. 15, 2026.
