NEW YORK - The Treasury Department auctioned $35 billion of five-year notes, with a 5/8% coupon, a 0.748% high yield, a price of 99.397464.
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The bid-to-cover ratio was 2.99.
Tenders at the high yield were allotted 95.77%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.700%. The low yield was 0.650%.
Tenders totaled $104,684,025,400 and the Treasury accepted $35,000,012,900 including $49,500,400 non-competitive.
The Fed banks bought $469,200 for their own account in exchange for maturing securities.
The notes, which are dated May 31, will mature May 31, 2017.
