Questions: (Please answer in numerical numbers when possible)

1) What is the high yield?

2) How much of the issue will the bidder with the high yield be awarded? Answer in millions of dollars (eg 100 for $100 M)

3) What is the yield on the "on-the-run" bonds?

Treasuries At a US Treasury Auction for a 5 year Treasury Note with $1 billion of par value to issue. The current 5 year Treasury Notes are yielding 2.4%. There are $50 million in non-competitive bids and primary banks have submitted the following competitive bids