The Treasury Department auctioned $35 billion of five-year notes, with a 1 3/8% coupon, a 1.467% high yield, a price of 99.558026.
The bid-to-cover ratio was 2.57.
Tenders at the high yield were allotted 78.98%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.434%. The low yield was 1.350%.
Tenders totaled $90,015,016,100 and the Treasury accepted $35,000,000,900 including $34,516,100 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated Sept. 30, will mature Sept. 30, 2020.