NEW YORK - The Treasury Department auctioned $35 billion of five-year notes, with a 3/4% coupon, a 0.752% high yield, a price of 99.990199.
The bid-to-cover ratio was 2.59.
Tenders at the high yield were allotted 38.63%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.699%. The low yield was 0.620%.
Tenders totaled $91,246,111,800 and the Treasury accepted $35,000,001,800 including $25,241,800 non-competitive.
The Fed banks bought $357,340,100 for their own account in exchange for maturing securities.
The notes, which are dated July 2, will mature June 30, 2017.