The Treasury Department auctioned $35 billion of five-year notes, with a 1 1/4% coupon, a 1.300% high yield, a price of 99.758710.
The bid-to-cover ratio was 2.65.
Tenders at the high yield were allotted 75.35%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.267%. The low yield was 1.200%.
Tenders totaled $92,668,636,100 and the Treasury accepted $35,000,017,300 including $23,136,100 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated October 31, will mature October 31, 2018.
