WASHINGTON: The US Treasury sold $21 billion in 10-year bonds Wednesday at a high yield of 3.01 percent, a sharp rise from 2.82 percent in December.

The Treasury said 21.49 percent was allotted at the high yield.

The bid-to-cover ratio was 2.68, with direct bidders taking up 13.62 percent of the issue and indirect bidders getting 46.62 percent.