NEW YORK - The Treasury Department auctioned $37 billion of five-year notes, with a 1 3/4% coupon, a 1.796% high yield, a price of 99.781106.
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The bid-to-cover ratio was 3.06.
Tenders at the high yield were allotted 26.55%. All competitive tenders at lower yields were accepted in full.
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 non-competitive.
The Fed banks bought $1,214,948,000 for their own account in exchange for maturing securities.
The notes, which are dated July 31, will mature July 31, 2015.
