The Treasury Department auctioned $35 billion of five-year notes, with a 3/4% coupon, a 0.769% high yield, a price of 99.906978.
The bid-to-cover ratio was 2.72.
Tenders at the high yield were allotted 49.29%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.738%. The low yield was 0.688%.
Tenders totaled $95,120,125,600 and the Treasury accepted $35,000,025,600 including $24,525,600 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated Dec. 31, will mature Dec. 31, 2017.