The Treasury Department auctioned $35 billion of five-year notes, with a 1 3/4% coupon, a 1.813% high yield and a price of 99.700152.
The bid-to-cover ratio was 3.20.
Tenders at the high yield were allotted 1.56%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.780%. The low yield was 1.720%.
Tenders totaled $112,147,707,000 and the Treasury accepted $35,000,039,000, including $54,807,000 of noncompetitive.
Federal Reserve banks purchased $2,945,904,100 for their own account in exchange for maturing securities.
The notes, which are dated May 31, will mature May 31, 2016.
