NEW YORK - The Treasury Department auctioned $13 billion of five-year notes as 4 1/2s, a 4.535% high yield, a price of 99.844593.
The bid-to-cover ratio was 2.14.
Tenders at the high yield were allotted 18.22%. All competitive tenders at lower yields were accepted in full.
The median yield was 4.515%. The low yield was 4.470%.
Tenders totaled $27,807,308,000 and the Treasury accepted $13,000,068,000 including $148,533,000 non-competitive.
The Fed banks bought $3,354,838,000 for their own account in exchange for maturing securities.
The notes, which are dated March 31, will mature March 31, 2012.
