The Treasury Department auctioned $34 billion of five-year notes, with a 2 1/8% coupon, a 2.245% high yield, a price of 99.435896.
![treasury-seal-BL-m583864](https://arizent.brightspotcdn.com/dims4/default/7a12aed/2147483647/strip/true/crop/3500x2381+0+0/resize/740x503!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2Fd5%2Fb0%2F31b0a6784790ac593d1b63ca5192%2Ftreasury-seal-bl-m583864.jpg)
The bid-to-cover ratio was 2.36.
Tenders at the high yield were allotted 2.99%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.190%. The low yield was 2.100%.
Tenders totaled $80,361,086,700 and the Treasury accepted $34,000,089,700 including $31,248,700 non-competitive.
The Fed banks bought $4,444,575,500 for their own account.
The notes, which are dated Dec. 31, will mature Dec. 31, 2022.