NEW YORK - The Treasury Department auctioned $36 billion of five-year notes, with a 1 1/4% coupon, a 1.374% high yield, a price of 99.402797.
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The bid-to-cover ratio was 2.83.
Tenders at the high yield were allotted 58.31%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.310%. The low yield was 1.250%.
Tenders totaled $101,886,349,500 and the Treasury accepted $36,000,026,000 including $110,449,500 non-competitive.
The Fed banks bought $881,425,400 for their own account in exchange for maturing securities.
The notes, which are dated August 31, will mature August 31, 2015.
