The Treasury Department auctioned $35 billion of five-year notes, with a 1/8 coupon, a 1.484% high yield, a price of 99.476843.
The bid-to-cover ratio was 2.45.
Tenders at the high yield were allotted 61.53%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.429%. The low yield was 1.372%.
Tenders totaled $85,667,670,700 and the Treasury accepted $35,000,000,400 including $36,010,700 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated June 30, will mature June 30, 2018.