The Treasury Department auctioned $38 billion of five-year notes, with a 1 7/8% coupon, a 1.995% high yield, a price of 99.431646. The bid-to-cover ratio was 2.58.
Processing Content
Tenders at the high yield were allotted 18.36%. All competitive tenders at lower yields were accepted in full. The median yield was 1.925%. The low yield was 1.8%.
Tenders totaled $97,966,338,300 and the Treasury accepted $38,000,104,300, including $124,038,300 of noncompetitive. The notes, which are dated June 30, will mature June 30, 2015.
