The Treasury Department auctioned $34 billion of five-year notes, with a 1 1/4% coupon, a 1.303% high yield, a price of 99.744253.
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The bid-to-cover ratio was 2.49.
Tenders at the high yield were allotted 6.51%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.260%. The low yield was 1.195%.
Tenders totaled $84,508,646,300 and the Treasury accepted $34,000,051,800 including $33,703,300 non-competitive.
The Fed banks bought $2,055,426,700 for their own account.
The notes, which are dated Oct. 31, will mature Oct. 31, 2021.
