The Treasury Department auctioned $34 billion of five-year notes, with a 1 7/8% coupon, a 1.950% high yield, a price of 99.644349.
The bid-to-cover ratio was 2.37.
Tenders at the high yield were allotted 17.23%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.890%. The low yield was 1.800%.
Tenders totaled $80,622,626,200 and the Treasury accepted $34,000,008,700 including $58,794,200 non-competitive.
The Fed banks bought $4,116,233,700 for their own account.
The notes, which are dated March 31, will mature March 31, 2022.