The Treasury Department auctioned $35 billion of five-year notes, with a 1 1/4% coupon, a 1.340% high yield, a price of 99.566562.
The bid-to-cover ratio was 2.61.
Tenders at the high yield were allotted 67.41%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.308%. The low yield was 1.270%.
Tenders totaled $91,251,586,100 and the Treasury accepted $35,000,099,900 including $43,886,100 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated November 30, will mature November 30, 2018.