NEW YORK - The Treasury Department auctioned $41 billion of five-year notes, with a 2 3/8% coupon, a 2.388% high yield, a price of 99.938982.
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The bid-to-cover ratio was 2.63.
Tenders at the high yield were allotted 2.81%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.300%. The low yield was 2.140%.
Tenders totaled $107,905,596,500 and the Treasury accepted $41,000,001,500 including $121,996,500 non-competitive.
The Fed banks bought $1,010,792,700 for their own account in exchange for maturing securities.
The notes, which are dated Oct. 31, will mature Oct. 31, 2014.
