The Treasury Department auctioned $24 billion of 10-year notes with a 2% coupon at a 2.115% high yield, a price of 98.968752.
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The bid-to-cover ratio was 2.40.
Tenders at the high yield were allotted 38.64%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.050%. The low yield was 1.950%.
Tenders totaled $57,507,232,600 and the Treasury accepted $24,000,016,600 including $35,032,600 non-competitive.
The Fed banks bought $482,460,400 for their own account in exchange for maturing securities.
The notes, which are dated Aug. 15, will mature Aug. 15, 2025.
