The Treasury Department auctioned $34 billion of five-year notes, with a 1 3/4% coupon, a 1.828% high yield, a price of 99.628909.
The bid-to-cover ratio was 2.33.
Tenders at the high yield were allotted 65.21%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.770%. The low yield was 1.700%.
Tenders totaled $79,219,196,000 and the Treasury accepted $34,000,011,000 including $50,879,000 non-competitive.
The Fed banks bought $4,132,862,500 for their own account.
The notes, which are dated June 30, will mature June 30, 2022.