The Treasury Department auctioned $35 billion of five-year notes Wednesday, with a 2 1/4% coupon, a 2.310% high yield, a price of 99.718283.

The bid-to-cover ratio was 2.32. Tenders at the high yield were allotted 44.97%. The median yield was 2.249%. The low yield was 2.000%. Tenders totaled $81,293,253,400, and the Treasury accepted $35,000,040,600, including $111,003,400 noncompetitive.

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