Treasury Five-Year Notes Go at 1.615% High Yield

The Treasury Department auctioned $35 billion of five-year notes, with a 1 1/2% coupon, a 1.615% high yield, a price of 99.449734.

The bid-to-cover ratio was 2.59.

Tenders at the high yield were allotted 35.97%. The median yield was 1.550%. The low yield was 1.470%.

Tenders totaled $90,601,155,800 and the Treasury accepted $35,000,035,800 including $37,884,800 of noncompetitive.

The notes, which are dated June 30, will mature June 30, 2016.

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