The Treasury Department auctioned $21 billion of 9-year 11-month notes with a 2 3/4% coupon at a 2.729% high yield, a price of 100.178824.
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The bid-to-cover ratio was 2.92.
Tenders at the high yield were allotted 36.89%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.709%. The low yield was 2.640%.
Tenders totaled $61,272,049,500 and the Treasury accepted $21,000,023,900 including $35,899,500 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated Feb. 15, will mature Feb. 15, 2024.
