The Treasury Department auctioned $34 billion of five-year notes, with a 2% coupon, a 2.058% high yield, a price of 99.725759.

The bid-to-cover ratio was 2.44.

Bloomberg News

Tenders at the high yield were allotted 56.36%. All competitive tenders at lower yields were accepted in full.

The median yield was 2.004%. The low yield was 1.950%.

Tenders totaled $83,069,311,400 and the Treasury accepted $34,000,011,400 including $51,943,400 non-competitive.

The Fed banks bought $850,465,500 for their own account.

The notes, which are dated Oct. 31, will mature Oct. 31, 2022.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.
Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.