NEW YORK - The Treasury Department auctioned $42 billion of five-year notes, with a 2 1/8% coupon, a 2.175% high yield, a price of 99.764325.
The bid-to-cover ratio was 2.81.
Tenders at the high yield were allotted 67.34%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.100%. The low yield was 1.940%.
Tenders totaled $118,040,288,500 and the Treasury accepted $42,000,072,500 including $118,188,500 non-competitive.
The Fed banks bought $1,261,222,600 for their own account in exchange for maturing securities.
The notes, which are dated Nov. 30, will mature Nov. 30, 2014.
