The Treasury Department Wednesday auctioned $35 billion of five-year notes, with a 2% coupon, a 2.124% high yield, and a price of 99.415214.
The bid-to-cover ratio was 2.77. Tenders at the high yield were allotted 22.11%. The median yield was 2.070%. The low yield was 1.980%.
Tenders totaled $96,968,273,100 and the Treasury accepted $35,000,043,100, including $101,773,100 of noncompetitive. Federal Reserve banks bought $2,208,217,400 for their own account in exchange for maturing securities.
The notes, which are dated April 30, will mature April 30, 2016.
