The Treasury Department auctioned $34 billion of five-year notes, with a 1 7/8% coupon, a 1.937% high yield, a price of 99.705893.
The bid-to-cover ratio was 2.29.
Tenders at the high yield were allotted 84.24%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.870%. The low yield was 1.790%.
Tenders totaled $77,937,601,900 and the Treasury accepted $34,000,041,900 including $52,358,900 non-competitive.
The Fed banks bought $4,715,359,700 for their own account.
The notes, which are dated Feb. 28, will mature Feb. 28, 2022.
