The Treasury Department auctioned $35 billion of five-year notes, with a 1 1/2% coupon, a 1.572% high yield, a price of 99.655086.
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The bid-to-cover ratio was 2.59.
Tenders at the high yield were allotted 20.83%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.539%. The low yield was 1.470%.
Tenders totaled $90,555,425,300 and the Treasury accepted $35,000,035,800 including $62,025,300 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated January 31, will mature January 31, 2019.
