NEW YORK - The Treasury Department auctioned $40 billion of five-year notes, with a 2 1/8% coupon, a 2.130% high yield, a price of 99.976355.
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The bid-to-cover ratio was 2.71.
Tenders at the high yield were allotted 15.05%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.070%. The low yield was 1.980%.
Tenders totaled $108,368,051,000 and the Treasury accepted $40,000,010,000 including $145,377,000 non-competitive.
The Fed banks bought $869,202,400 for their own account in exchange for maturing securities.
The notes, which are dated May 31, will mature May 31, 2015.
