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Treasury's 5-year bond auction: high yield of 1.436%, bid-to-cover ratio of 2.67

The U.S. Treasury sold $35 billion in five-year notes at a high yield of 1.436 percent and a bid-to-cover ratio of 2.67.

The bid-to-cover ratio compares to the recent average of 2.70.

The auction's direct bid was 11.8 percent vs. the recent average of 15 percent. The indirect bid was 44.9 percent, compared to the recent average of 44 percent.

CNBC's Rick Santelli rated the auction a C+.

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