NEW YORK - The Treasury Department auctioned $42 billion of five-year notes, with a 2 5/8% coupon, a 2.665% high yield, a price of 99.813909.
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The bid-to-cover ratio was 2.59.
Tenders at the high yield were allotted 31.16%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.600%. The low yield was 2.538%.
Tenders totaled $108,683,366,500 and the Treasury accepted $42,000,036,500 including $109,266,500 non-competitive.
The Fed banks bought $1,244,773,200 for their own account in exchange for maturing securities.
The notes, which are dated Dec. 31, will mature Dec. 31, 2014.
