NEW YORK - The Treasury Department auctioned $21 billion of 10-year notes with a 3 1/8% coupon at a 2.967% high yield, a price of 101.345530.
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The bid-to-cover ratio was 3.23.
Tenders at the high yield were allotted 3.76%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.920%. The low yield was 2.808%.
Tenders totaled $67,782,087,300 and the Treasury accepted $21,000,006,500 including $21,587,300 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated June 15, will mature May 15, 2021.
