The Treasury Department auctioned $35 billion of five-year notes Wednesday, with a 1 1/4% coupon, a 1.330% high yield and a price of 99.614432. The bid-to-cover ratio was 2.82. Tenders at the high yield were allotted 83.81%. All competitive tenders at lower yields were accepted in full. The median yield was 1.288%. The low yield was 1.197%.

Tenders totaled $98,690,091,400 and the Treasury accepted $35,000,032,000, including $54,241,400 of noncompetitive. Federal Reserve banks bought $717,474,500. The notes are dated Oct. 31 and will mature Oct. 31, 2015.

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