NEW YORK - The Treasury Department auctioned $35 billion of five-year notes, with a 1% coupon, a 1.040% high yield, a price of 99.805782.
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The bid-to-cover ratio was 2.85.
Tenders at the high yield were allotted 13.62%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.990%. The low yield was 0.930%.
Tenders totaled $99,880,343,500 and the Treasury accepted $35,000,091,900 including $28,643,500 non-competitive.
The Fed banks bought $830,889,900 for their own account in exchange for maturing securities.
The notes, which are dated March 31, will mature March 31, 2017.
