The Treasury Department auctioned $35 billion of five-year notes, with a 1 1/2% coupon, a 1.600% high yield, a price of 99.521314.
The bid-to-cover ratio was 2.42.
Tenders at the high yield were allotted 2.21%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.555%. The low yield was 1.473%.
Tenders totaled $84,609,867,700 and the Treasury accepted $35,000,117,700 including $30,999,700 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated December 31, will mature December 31, 2018.