The Treasury Department auctioned $21 billion of 9-year 11-month notes with a 2 1/2% coupon at a 2.648% high yield, a price of 98.714636.
The bid-to-cover ratio was 2.88.
Tenders at the high yield were allotted 96.96%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.606%. The low yield was 2.530%.
Tenders totaled $60,544,562,200 and the Treasury accepted $21,000,066,200 including $30,462,200 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, 2024.