The Treasury Department auctioned $35 billion of five-year notes, with a 3/4% coupon, a 0.774% high yield, a price of 99.882515.
The bid-to-cover ratio was 2.73.
Tenders at the high yield were allotted 28.40%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.735%. The low yield was 0.680%.
Tenders totaled $95,423,280,800 and the Treasury accepted $35,000,040,800 including $36,030,800 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated Oct. 31, will mature Oct. 31, 2017.