Treasury 5-Year Notes Go At 2.595% High Yield

The Treasury Department yesterday auctioned $18 billion of five-year notes with a 2.5% coupon, a 2.595% high yield, and a price of 99.842844. The bid-to-cover ratio was 1.98. Tenders at the high were allotted 64.38%. The median yield was 2.540%. The low yield was 2.500%.

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