The Treasury Department auctioned $21 billion of 9-year 11 month notes with a 2% coupon at a 2.139% high yield, a price of 98.762062.
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The bid-to-cover ratio was 2.65.
Tenders at the high yield were allotted 43.25%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.105%. The low yield was 1.990%.
Tenders totaled $55,576,300,300 and the Treasury accepted $21,000,075,100 including $22,250,300 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, 2025.
