The Treasury Department auctioned $35 billion of five-year notes, with a 1 1/2% coupon, a 1.595% high yield, a price of 99.545394.
The bid-to-cover ratio was 2.91.
Tenders at the high yield were allotted 11.77%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.575%. The low yield was 1.500%.
Tenders totaled $101,795,238,300 and the Treasury accepted $35,000,117,800 including $53,643,300 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated Nov. 30, will mature Nov. 30, 2019.