The Treasury Department auctioned $35 billion of five-year notes, with a 5/8% coupon, a 0.641% high yield, a price of 99.921392.
The bid-to-cover ratio was 2.89.
Tenders at the high yield were allotted 79.66%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.618%. The low yield was 0.560%.
Tenders totaled $101,119,472,500 and the Treasury accepted $35,000,027,500 including $25,422,500 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated Nov. 30, will mature Nov. 30, 2017.