NEW YORK - The Treasury Department auctioned $35 billion of five-year notes, with a 7/8% coupon, a 0.887% high yield, a price of 99.941438.
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The bid-to-cover ratio was 3.09.
Tenders at the high yield were allotted 11.97%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.845%. The low yield was 0.792%.
Tenders totaled $108,191,519,400 and the Treasury accepted $35,000,005,400 including $22,249,400 non-competitive.
The Fed banks bought $940,358,100 for their own account in exchange for maturing securities.
The notes, which are dated April 30, will mature April 30, 2017.
