The Treasury Department auctioned $35 billion of five-year notes, with a 1 5/8% coupon, a 1.732% high yield, a price of 99.489624.
The bid-to-cover ratio was 2.79.
Tenders at the high yield were allotted 44.33%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.700%. The low yield was 1.630%.
Tenders totaled $97,524,164,800 and the Treasury accepted $35,000,000,400 including $50,964,800 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated April 30, will mature April 30, 2019.