NEW YORK - The Treasury Department auctioned $35 billion of five-year notes, with a 1 3/8% coupon, a 1.411% high yield, a price of 99.826792.
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The bid-to-cover ratio was 2.65.
Tenders at the high yield were allotted 6.37%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.365%. The low yield was 1.300%.
Tenders totaled $92,777,270,500 and the Treasury accepted $35,000,010,500 including $51,145,500 non-competitive.
The Fed banks bought $1,379,124,600 for their own account in exchange for maturing securities.
The notes, which are dated November 30, will mature November 30, 2015.
