The Treasury Department auctioned $21 billion of 9-year 10-month notes with a 2 3/4% coupon at a 3.009% high yield, a price of 97.805126.
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The bid-to-cover ratio was 2.68.
Tenders at the high yield were allotted 21.49%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.975%. The low yield was 2.880%.
Tenders totaled $56,238,000,000 and the Treasury accepted $21,000,000,000 including $41,000,000 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated Jan. 15, will mature Nov. 15, 2023.
