The Treasury Department Wednesday auctioned $37 billion of five-year notes with a 1 3/4% coupon, a 1.796% high yield, and a price of 99.781106.

The bid-to-cover ratio was 3.06. Tenders at the high yield were allotted 26.55%. The median yield was 1.750%. The low yield was 1.690%.

Tenders totaled $113,074,550,400 and the Treasury accepted $37,000,055,400, including $103,150,400 of noncompetitive.

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