The Treasury Department auctioned $34 billion of five-year notes, with a 1 1/8% coupon, a 1.218% high yield, a price of 99.550203.
The bid-to-cover ratio was 2.29.
Tenders at the high yield were allotted 68.14%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.165%. The low yield was 1.100%.
Tenders totaled $77,887,813,100 and the Treasury accepted $34,000,041,700 including $32,013,100 non-competitive.
The Fed banks bought $4,959,940,200 for their own account in exchange for maturing securities.
The notes, which are dated June 30, will mature June 30, 2021.