The Treasury Department auctioned $24 billion of 10-year notes Tuesday with a 2 5/8% coupon at a 2.636% high yield, a price of 99.903856. The bid-to-cover ratio was 2.80.

Tenders at the high yield were allotted 60.54%. All competitive tenders at lower yields were accepted in full. The median yield was 2.559%. The low yield was 2.500%.

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