The Treasury Department auctioned $34 billion of five-year notes, with a 2% coupon, a 2.057% high yield, a price of 99.730736.
Processing Content
The bid-to-cover ratio was 2.72.
Tenders at the high yield were allotted 5.64%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.020%. The low yield was 1.900%.
Tenders totaled $92,494,700,600 and the Treasury accepted $34,000,114,600 including $50,940,600 non-competitive.
The Fed banks bought $4,521,159,000 for their own account.
The notes, which are dated Dec. 31, will mature Dec. 31, 2021.
