The Treasury Department auctioned $24 billion of 10-year notes with a 2 3/4% coupon at a 2.750% high yield, a price of par.
The bid-to-cover ratio was 2.70.
Tenders at the high yield were allotted 62.67%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.719%. The low yield was 2.650%.
Tenders totaled $64,694,096,500 and the Treasury accepted $24,000,124,300 including $46,596,500 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated Nov. 15, will mature Nov. 15, 2023.