NEW YORK - The Treasury Department auctioned $35 billion of five-year notes, with a 1% coupon, a 1.029% high yield, a price of 99.859020.
Processing Content
The bid-to-cover ratio was 2.71.
Tenders at the high yield were allotted 9.30%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.979%. The low yield was 0.882%.
Tenders totaled $94,936,661,400 and the Treasury accepted $35,000,026,400 including $56,511,400 non-competitive.
The Fed banks bought $1,070,488,400 for their own account in exchange for maturing securities.
The notes, which are dated Aug. 31, will mature Aug. 31, 2016.
