NEW YORK - The Treasury Department auctioned $35 billion of five-year notes, with a 2 1/4% coupon, a 2.260% high yield, a price of 99.952972.
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The bid-to-cover ratio was 2.79.
Tenders at the high yield were allotted 11.14%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.201%. The low yield was 2.123%.
Tenders totaled $97,577,805,300 and the Treasury accepted $35,000,003,300 including $121,305,300 non-competitive.
The Fed banks bought $1,569,586,000 for their own account in exchange for maturing securities.
The notes, which are dated March 31, will mature March 31, 2016.
