The Treasury Department auctioned $20 billion of re-opened 10-year notes with a 2 1/4% coupon at a 2.384% high yield, a price of 99.820844.
Andrew Harrer/Bloomberg
The bid-to-cover ratio on the nine-year 11-month notes was 2.37.
The median yield was 2.340%. The low yield was 2.279%.
Tenders at the high yield were allotted 91.12%. All competitive tenders at lower yields were accepted in full.
The notes, which are dated Dec. 15 with an original issue date of Nov. 15 will mature Nov. 15, 2027.
Tenders totaled $47,439,803,700 and the Treasury accepted $20,000,013,700 including $9,354,700 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
