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.