The Treasury Department auctioned $21 billion of 10-year notes with a 2 3/4% coupon at a 2.824% high yield, a price of 99.361224.
The bid-to-cover ratio was 2.61.
Tenders at the high yield were allotted 74.96%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.783%. The low yield was 2.735%.
Tenders totaled $54,772,000,000 and the Treasury accepted $21,000,000,000 including $34,000,000 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated Dec. 16, will mature Nov. 15, 2023.
