The Treasury Department auctioned $20 billion of 9-year 11-month notes with a 2 1/4% coupon at a 2.180% high yield, a price of 100.619500.
The bid-to-cover ratio was 2.28.
![treasury-building](https://arizent.brightspotcdn.com/dims4/default/c852ce3/2147483647/strip/true/crop/2422x1586+0+0/resize/740x485!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F1c%2Fbc%2F697e53864828a539e5996cce6032%2Ftreasury-building.jpg)
Tenders at the high yield were allotted 97.85%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.125%. The low yield was 2.065%.
Tenders totaled $45,666,555,700 and the Treasury accepted $20,000,010,700 including $10,155,700 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, 2027.