The Treasury Department auctioned $34 billion of five-year notes, with a 1 3/4% coupon, a 1.760% high yield, a price of 99.925337.
The bid-to-cover ratio was 2.44.
Tenders at the high yield were allotted 98.57%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.710%. The low yield was 1.620%.
Tenders totaled $86,460,139,900 and the Treasury accepted $37,618,703,900 including $41,228,200 non-competitive.
The Fed banks bought $3,618,683,700 for their own account.
The notes, which are dated Nov. 30, will mature Nov. 30, 2021.