Treasury 5-Year Notes Go At 0.647% High Yield

The Treasury Department auctioned $35 billion of five-year notes, with a 5/8% coupon, a 0.647% high yield, a price of 99.891985.

The bid-to-cover ratio was 3.06.

Tenders at the high yield were allotted 39.89%. All competitive tenders at lower yields were accepted in full.

The median yield was 0.619%. The low yield was 0.568%.

Tenders totaled $107,078,012,600 and the Treasury accepted $35,000,024,600 including $20,412,600 non-competitive.

The Fed banks bought nothing for their own account in exchange for maturing securities.

The notes, which are dated Sept. 30, will mature Sept. 30, 2017.

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