The Treasury Department auctioned $35 billion of five-year notes, with a 1 3/4% coupon, a 1.800% high yield, a price of 99.761942.
The bid-to-cover ratio was 2.56.
Tenders at the high yield were allotted 65.80%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.763%. The low yield was 1.690%.
Tenders totaled $89,557,597,100 and the Treasury accepted $35,000,047,100 including $50,097,100 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, 2019.