The Treasury Department auctioned $21 billion of 9-year 11-month notes with a 2 1/8% coupon at a 2.461% high yield, a price of 97.057688.
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The bid-to-cover ratio was 2.74.
Tenders at the high yield were allotted 59.86%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.434%. The low yield was 2.396%.
Tenders totaled $57,491,373,200 and the Treasury accepted $21,000,013,200 including $23,703,200 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated May 15, will mature May 15, 2025.
