NEW YORK - The Treasury Department auctioned $35 billion of five-year notes, with a 1 7/8% coupon, a 1.940% high yield, a price of 99.691687.
The bid-to-cover ratio was 2.22.
Tenders at the high yield were allotted 73.14%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.869%. The low yield was 1.740%.
Tenders totaled $77,548,365,500 and the Treasury accepted $35,000,122,500 including $37,565,500 non-competitive.
The Fed banks bought $1,212,837,900 for their own account in exchange for maturing securities.
The notes, which are dated April 30, will mature April 30, 2014.
