The Treasury Department auctioned $21 billion of 9-year 11-month notes with a 2% coupon at a 2.235% high yield, a price of 97.918678.
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The bid-to-cover ratio was 2.70.
Tenders at the high yield were allotted 68.42%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.190%. The low yield was 2.100%.
Tenders totaled $56,761,094,900 and the Treasury accepted $21,000,032,900 including $8,874,900 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated Aug. 15, will mature Aug. 15, 2025.
