NEW YORK - The Treasury Department auctioned $35 billion of five-year notes, with a 2 1/8% coupon, a 2.190% high yield, a price of 99.693745.
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The bid-to-cover ratio was 2.69.
Tenders at the high yield were allotted 31.65%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.120%. The low yield was 2.058%.
Tenders totaled $94,233,163,400 and the Treasury accepted $35,000,013,400 including $96,263,400 non-competitive.
The Fed banks bought $1,922,635,600 for their own account in exchange for maturing securities.
The notes, which are dated February 28, will mature February 29, 2016.
