Treasury 5-Year Notes Go at 1.340% High Yield

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.

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