NEW YORK - The Treasury Department auctioned $15 billion of 10-year notes, with a 3 7/8% coupon at a 3.937% high yield, a price of 99.491561.
The bid-to-cover ratio was 2.21.
Tenders at the high yield were allotted 39.63%. All competitive tenders at lower yields were accepted in full.
The median yield was 3.883%. The low yield was 3.820%.
Tenders totaled $33,083,946,300 and the Treasury accepted $15,000,002,800 including $148,836,300 non-competitive.
The Fed banks bought $8,076,923,000 for their own account in exchange for maturing securities.
The notes, which are dated May 15, will mature May 15, 2018.
