The Treasury Department auctioned $35 billion of five-year notes, with a 1 3/8% coupon, a 1.463% high yield, a price of 99.577196.
The bid-to-cover ratio was 2.34.
Tenders at the high yield were allotted 58.27%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.417%. The low yield was 1.200%.
Tenders totaled $82,073,473,600 and the Treasury accepted $35,000,013,600 including $36,193,600 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated Aug. 31, will mature Aug. 31, 2020.