The Treasury Department auctioned $35 billion of five-year notes, with a 1 3/8% coupon, a 1.387% high yield, a price of 99.442226.
The bid-to-cover ratio was 2.35.
Tenders at the high yield were allotted 49.67%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.338%. The low yield was 1.270%.
The notes, which are dated Mar. 31, will mature Mar. 31, 2020.