The Treasury Department auctioned $34 billion of five-year notes, with a 1 7/8% coupon, a 1.884% high yield, a price of 99.957246.
The bid-to-cover ratio was 2.58.
Tenders at the high yield were allotted 12.57%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.840%. The low yield was 1.770%.
Tenders totaled $87,590,722,800 and the Treasury accepted $34,000,101,700 including $37,326,800 non-competitive.
The Fed banks bought $3,456,937,200 for their own account.
The notes, which are dated July 31, will mature July 31, 2022.