The Treasury Department yesterday auctioned $26 billion of five-year notes with a 2% coupon, a 2.110% high yield, and a price of 99.480824.

The bid-to-cover ratio was 2.44. Tenders at the high yield were allotted 76.52%. The median yield was 2.096%. The low yield was 1.980%. Tenders totaled $63,437,091,200 and the Treasury accepted $26,000,173,200, including $101,401,200 of noncompetitive.

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