The Treasury Department auctioned $35 billion of five-year notes, with a 1 5/8% coupon, a 1.739% high yield, a price of 99.456337.
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The bid-to-cover ratio was 2.39.
Tenders at the high yield were allotted 42.17%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.695%. The low yield was 1.630%.
Tenders totaled $83,704,218,300 and the Treasury accepted $35,000,073,800 including $36,618,300 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated Dec. 31, will mature Dec. 31, 2019.
