The Treasury Department auctioned $35 billion of five-year notes, with a 1 5/8% coupon, a 1.720% high yield, a price of 99.546716.
The bid-to-cover ratio was 2.81.
Tenders at the high yield were allotted 28.92%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.696%. The low yield was 1.609%.
Tenders totaled $98,372,216,200 and the Treasury accepted $35,000,008,200 including $50,466,200 non-competitive.
The Fed banks bought $11,370,100 for their own account in exchange for maturing securities.
The notes, which are dated July 31, will mature July 31, 2019.