The Treasury Department auctioned $35 billion of five-year notes, with a 3/4% coupon, a 0.760% high yield, a price of 99.951048.
The bid-to-cover ratio was 2.73.
Tenders at the high yield were allotted 52.11%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.725%. The low yield was 0.684%.
Tenders totaled $95,440,976,100 and the Treasury accepted $35,000,030,600 including $24,976,100 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated Apr. 1, will mature Mar. 31, 2018.