The Treasury Department yesterday auctioned $42 billion of five-year notes, with a 2 1/2% coupon, a 2.540% high yield, and a price of 99.813289.

The bid-to-cover ratio was 2.75. Tenders at the high yield were allotted 90.56%. The median yield was 2.488%. The low yield was 2.420%.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.