NEW YORK - The Treasury Department auctioned $35 billion of five-year notes, with a 1 1/2% coupon, a 1.580% high yield, a price of 99.617012.
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The bid-to-cover ratio was 2.62.
Tenders at the high yield were allotted 48.79%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.516%. The low yield was 1.400%.
Tenders totaled $91,844,358,700 and the Treasury accepted $35,000,022,200 including $31,408,700 non-competitive.
The Fed banks bought $1,042,193,900 for their own account in exchange for maturing securities.
The notes, which are dated July 31, will mature July 31, 2016.
