NEW YORK - The Treasury Department auctioned $35 billion of five-year notes, with a 2 1/8% coupon, a 2.149% high yield, a price of 99.886797.
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The bid-to-cover ratio was 2.61.
Tenders at the high yield were allotted 40.50%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.075%. The low yield was 1.980%.
Tenders totaled $91,369,761,200 and the Treasury accepted $35,000,011,200 including $75,361,200 non-competitive.
The Fed banks bought $1,754,353,300 for their own account in exchange for maturing securities.
The notes, which are dated December 31, will mature December 31, 2015.
