Treasury 5-Year Notes Go At 1.985% High Yield

The Treasury Department yesterday auctioned $32 billion of five-year notes, with a 1 7/8% coupon, a 1.985% high yield, a price of 99.479306.

The bid-to-cover ratio was 2.21. Tenders at the high yield were allotted 79.01%. The median yield was 1.937%. The low yield was 1.800%.

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