The Treasury Department Wednesday auctioned $24 billion of 10-year notes with a 2% coupon at a 2.030% high yield and a price of 99.729725.
The bid-to-cover ratio was 2.64. Tenders at the high yield were allotted 62.35%. The median yield was 1.969%. The low yield was 1.865%.
Tenders totaled $63,267,704,100 and the Treasury accepted $24,000,041,600, including $29,204,100 of noncompetitive. The Federal Reserve banks bought $1,836,365,500 for their own account.
The notes, which are dated Nov. 15, will mature Nov. 15, 2021.
