NEW YORK - The Treasury Department auctioned $35 billion of five-year notes, with a 7/8% coupon, a 0.900% high yield, a price of 99.878039.
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The bid-to-cover ratio was 2.89.
Tenders at the high yield were allotted 97.83%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.850%. The low yield was 0.800%.
Tenders totaled $101,098,135,400 and the Treasury accepted $35,000,205,200 including $34,635,400 non-competitive.
The Fed banks bought $496,813,000 for their own account in exchange for maturing securities.
The notes, which are dated Feb. 29, will mature Feb. 28, 2017.
