The Treasury Department auctioned $20 billion of 9-year 11-month notes with a 2% coupon at a 2.485% high yield, a price of 95.758350.
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The bid-to-cover ratio was 2.39.
Tenders at the high yield were allotted 11.51%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.440%. The low yield was 2.380%.
Tenders totaled $47,706,931,000 and the Treasury accepted $20,000,048,000 including $18,631,000 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, 2026.
