NEW YORK - The Treasury Department auctioned $24 billion of 10-year notes with a 3 5/8% coupon at a 3.665% high yield, a price of 99.667623.
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The bid-to-cover ratio was 3.23.
Tenders at the high yield were allotted 58.81%. All competitive tenders at lower yields were accepted in full.
The median yield was 3.620%. The low yield was 3.510%.
Tenders totaled $77,625,569,500 and the Treasury accepted $24,000,010,100 including $143,999,500 non-competitive.
The Fed banks bought $550,670,000 for their own account in exchange for maturing securities.
The notes, which are dated January 15, will mature January 15, 2021.
