The Treasury Department auctioned $34 billion of five-year notes, with a 1 1/8% coupon, a 1.125% high yield, a price of 100.000000.
The bid-to-cover ratio was 2.54.
Tenders at the high yield were allotted 75.09%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.080%. The low yield was 1.030%.
Tenders totaled $86,448,682,000 and the Treasury accepted $34,000,089,600 including $42,787,000 non-competitive.
The Fed banks bought $2,325,201,200 for their own account.
The notes, which are dated Aug. 31, will mature Aug. 31, 2021.
