NEW YORK - The Treasury Department auctioned $42 billion of five-year notes, with a 2 1/2% coupon, a 2.605% high yield, a price of 99.510730.
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The bid-to-cover ratio was 2.55.
Tenders at the high yield were allotted 29.97%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.539%. The low yield was 2.450%.
Tenders totaled $107,224,523,600 and the Treasury accepted $42,000,034,600 including $120,693,600 non-competitive.
The Fed banks bought $1,420,739,300 for their own account in exchange for maturing securities.
The notes, which are dated March 31, will mature March 31, 2015.
