The Treasury Department auctioned $20 billion of 9-year 10-month notes with a 1 1/2% coupon at a 1.793% high yield, a price of 97.368781.
Tenders at the high yield were allotted 45.15%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.749%. The low yield was 1.650%.
Tenders totaled $50,553,133,600 and the Treasury accepted $20,000,021,100 including $8,208,600 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated Aug. 15, will mature Aug. 15, 2026.
