The Treasury Department auctioned $35 billion of five-year notes, with a 5/8% coupon, a 0.708% high yield, a price of 99.592967.
The bid-to-cover ratio was 2.92.
Tenders at the high yield were allotted 88.61%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.675%. The low yield was 0.615%.
Tenders totaled $102,184,477,500 and the Treasury accepted $35,000,002,500 including $32,077,500 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, 2017.