Treasury 5-Year Notes Go At 3.129% High Yield

The Treasury Department yesterday auctioned $22 billion of five-year notes, with a 3.125% coupon, a 3.129% high yield, a price of 99.981374.

The bid-to-cover ratio was 2.14.

Tenders at the high yield were allotted 95.36%.

The median yield was 3.070%. The low yield was 3.000%.

The notes, which are dated Sept. 2, will mature Aug. 31, 2013.

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