NEW YORK - The Treasury Department auctioned $35 billion of five-year notes, with a 7/8% coupon, a 0.880% high yield, a price of 99.975602.
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The bid-to-cover ratio was 2.86.
Tenders at the high yield were allotted 98.48%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.820%. The low yield was 0.787%.
Tenders totaled $100,089,160,600 and the Treasury accepted $35,000,012,600 including $33,250,600 non-competitive.
The Fed banks bought $1,133,424,800 for their own account in exchange for maturing securities.
The notes, which are dated Dec. 31, will mature Dec. 31, 2016.
