Treasury 5-Year Notes Go At 2.689% High Yield

The Treasury Department yesterday auctioned $39 billion of five-year notes, with a 2 5/8% coupon, a 2.689% high yield, a price of 99.702444.

The bid-to-cover ratio was 1.92. Tenders at the high yield were allotted 31.16%. The median yield was 2.590%. The low yield was 2.000%.

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