The Treasury Department auctioned $24 billion of 10-year notes with a 2 3/4% coupon at a 2.795% high yield, a price of 99.609744.
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The bid-to-cover ratio was 2.54.
Tenders at the high yield were allotted 47.13%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.763%. The low yield was 2.680%.
Tenders totaled $60,865,951,900 and the Treasury accepted $24,000,005,400 including $70,201,900 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.
