The Treasury Department auctioned $35 billion of five-year notes, with a 1 1/8% coupon, a 1.169% high yield, a price of 99.786910.
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The bid-to-cover ratio was 2.44.
Tenders at the high yield were allotted 41.43%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.120%. The low yield was 1.000%.
Tenders totaled $83,069,864,100 and the Treasury accepted $34,000,014,100 including $55,729,100 non-competitive.
The Fed banks bought $11,395,017,900 for their own account in exchange for maturing securities.
The notes, which are dated Feb. 29, will mature Feb. 28, 2021.
