The Treasury Department auctioned $35 billion of five-year notes, with a 1 1/2% coupon, a 1.530% high yield, a price of 99.856123.
Processing Content
The bid-to-cover ratio was 2.98.
Tenders at the high yield were allotted 61.52%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.508%. The low yield was 1.450%.
Tenders totaled $104,203,530,200 and the Treasury accepted $35,000,046,200 including $56,830,200 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated February 28, will mature February 28, 2019.
