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At a US Treasury Auction for a 5 year Treasury Note with $1 billion of par value to 1 point. issue The current 5 year

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At a US Treasury Auction for a 5 year Treasury Note with $1 billion of par value to 1 point. issue The current 5 year Treasury Notes are yielding 2.4%. There are $50 million What is the "high yield" in non-competitive bids and primary banks have submitted the following competitive bids: 2 ipoint How much of the issue will the bidder with the high yield be awarded? Answer in millions of dollars (eg 100 for $100M) 3 . 1 point What is the yield on the "on-the-run" bonds

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