The Treasury Department auctioned $35 billion of five-year notes at a 2.041% yield Wednesday, a price of 99.806052.
The bid-to-cover ratio was 2.97%. Tenders at the high yield were allotted 29.85%. The median yield was 2.000%. The low yield was 1.950%.
Tenders totaled $103,938,389,000 and the Treasury accepted $35,000,084,000, including $61,114,000 non-competitive.
The Federal Reserve banks also bought $697,435,500 for their own account in exchange for maturing securities.
The five-year notes are dated Jan. 31 and due Jan. 31, 2016.