NEW YORK - The Treasury Department auctioned $24 billion of 10-year notes with a 2 5/8% coupon at a 2.636% high yield, a price of 99.903856.
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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%.
Tenders totaled $67,177,325,500 and the Treasury accepted $24,000,000,500 including $53,325,500 non-competitive.
The Fed banks bought $643,545,900 for their own account in exchange for maturing securities.
The notes, which are dated November 15, will mature November 15, 2020.
