The Treasury Department Wednesday auctioned $21 billion of nine-year, 10-month notes with a 2 5/8% coupon at a 2.475% high yield and a price of 101.298742.

The bid-to-cover ratio was 2.99. Tenders at the high yield were allotted 9.27%. The median yield was 2.420%. The low yield was 2.356%.

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