NEW YORK - The Treasury Department auctioned $35 billion of five-year notes, with a 7/8% coupon, a 0.937% high yield, a price of 99.697840.
Processing Content
The bid-to-cover ratio was 3.15.
Tenders at the high yield were allotted 59.91%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.900%. The low yield was 0.819%.
Tenders totaled $110,216,846,300 and the Treasury accepted $35,000,072,300 including $34,146,300 non-competitive.
The Fed banks bought $1,585,823,800 for their own account in exchange for maturing securities.
The notes, which are dated Nov. 30, will mature Nov. 30, 2016.
