The Treasury Department yesterday auctioned $35 billion of three-year notes with a 1 1/2% coupon at a 1.519% yield, a price of 99.944485.
The bid-to-cover ratio was 26.16.
Tenders at the high yield were allotted 76.31%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.430%. The low yield was 1.370%.
Tenders totaled $91,499,465,000 and the Treasury accepted $34,927,421,000, including $72,642,800 of noncompetitive.
Federal Reserve banks also bought $591,644,000 for their own account in exchange for maturing securities.
The notes, dated July 15, will mature June 15, 2012.