NEW YORK - The Treasury Department auctioned $35 billion of five-year notes, with a 1 1/4% coupon, a 1.260% high yield, a price of 99.951690.
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The bid-to-cover ratio was 2.96.
Tenders at the high yield were allotted 64.15%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.219%. The low yield was 1.171%.
Tenders totaled $103,437,978,000 and the Treasury accepted $35,000,038,000 including $86,628,000 non-competitive.
The Fed banks bought $1,102,658,100 for their own account in exchange for maturing securities.
The notes, which are dated September 30, will mature September 30, 2015.
