The Treasury Department auctioned $21 billion of 9-year 11-month notes with a 2 1/4% coupon at a 2.233% high yield, a price of 100.148778.
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The bid-to-cover ratio was 2.64.
Tenders at the high yield were allotted 29.93%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.180%. The low yield was 2.050%.
Tenders totaled $55,507,598,3100 and the Treasury accepted $21,000,010,800 including $14,738,300 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated Nov. 15, will mature Nov. 15, 2025.
