The Treasury Department auctioned $21 billion of 10-year notes with a 2% coupon at a 2.029% high yield, a price of 99.739223.
The bid-to-cover ratio was 3.19.
Tenders at the high yield were allotted 70.31%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.005%. The low yield was 1.934%.
Tenders totaled $67,007,853,900 and the Treasury accepted $21,000,012,400 including $20,253,900 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, 2023.