NEW YORK - The Treasury Department auctioned $35 billion of five-year notes, with a 1% coupon, a 1.015% high yield, a price of 99.927052.
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The bid-to-cover ratio was 3.04.
Tenders at the high yield were allotted 64.28%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.980%. The low yield was 0.870%.
Tenders totaled $106,417,147,700 and the Treasury accepted $35,000,080,500 including $40,097,700 non-competitive.
The Fed banks bought $1,089,663,000 for their own account in exchange for maturing securities.
The notes, which are dated Sept. 30, will mature Sept. 30, 2016.
