Treasury 5-year notes go at 2.066% high yield on Nov. 27
The Treasury Department auctioned $34 billion of five-year notes, with a 2% coupon, a 2.066% high yield, a price of 99.688000.
The bid-to-cover ratio was 2.46.
Tenders at the high yield were allotted 12.97%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.030%. The low yield was 1.900%.
Tenders totaled $83,652,232,500 and the Treasury accepted $34,000,022,500 including $27,435,500 non-competitive.
The Fed banks bought $1,844,997,300 for their own account.
The notes, which are dated Nov. 30, will mature Nov. 30, 2022.
Tender rates for the Treasury Department's latest 91-day discount bills were unchanged incurring a 1.285% high rate.
The coupon equivalent was 1.307%. The price was 99.675181.
The median bid on the 91s was 1.270%. The low bid was 1.250%.
Tenders at the high rate were allotted 92.56%. The bid-to-cover ratio was 3.07.
Tenders totaled $129,082,223,000 and the Treasury accepted $42,000,135,000 including $565,078,000 of non-competitive.
The Fed banks bought nothing for themselves.