The Treasury Department yesterday auctioned $14 billion of five-year notes, a 2.909% high yield, a price of 99.842844.
The bid-to-cover ratio was 2.16. Tenders at the high yield were allotted 57.39%. The median yield was 2.879%. The low yield was 2.800%.
Tenders totaled $30,170,421,000 and the Treasury accepted $14,000,008,000, including $81,379,000 of noncompetitive.