NEW YORK - The Treasury Department auctioned $35 billion of five-year notes, with a 7/8% coupon, a 0.899% high yield, a price of 99.882914.
The bid-to-cover ratio was 3.17.
Tenders at the high yield were allotted 55.78%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.858%. The low yield was 0.800%.
Tenders totaled $110,912,436,300 and the Treasury accepted $35,000,052,300 including $36,436,300 non-competitive.
The Fed banks bought $658,621,000 for their own account in exchange for maturing securities.
The notes, which are dated Jan. 31, will mature Jan. 31, 2017.
