NEW YORK - The Treasury Department auctioned $24 billion of 10-year notes with a 2 5/8% coupon at a 2.730% high yield, a price of 99.086655.
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The bid-to-cover ratio was 3.04.
Tenders at the high yield were allotted 10.57%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.669%. The low yield was 2.600%.
Tenders totaled $72,996,050,700 and the Treasury accepted $24,000,030,200 including $125,810,700 non-competitive.
The Fed banks bought $1,437,197,100 for their own account in exchange for maturing securities.
The notes, which are dated August 15, will mature August 15, 2020.
