NEW YORK - The Treasury Department auctioned $42 billion of five-year notes, with a 2 1/2% coupon, a 2.540% high yield, a price of 99.813289.
Processing Content
The bid-to-cover ratio was 2.75.
Tenders at the high yield were allotted 90.56%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.488%. The low yield was 2.420%.
Tenders totaled $115,417,231,300 and the Treasury accepted $42,000,023,300 including $127,631,300 non-competitive.
The Fed banks bought $895,940,000 for their own account in exchange for maturing securities.
The notes, which are dated April 30, will mature April 30, 2015.
