The Treasury Department Tuesday auctioned $30 billion of three-year notes with a 5/8% coupon at a 0.710% yield, a price of 99.748139.
The bid-to-cover ratio was 3.05.
Tenders at the high yield were allotted 39.11%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.684%. The low yield was 0.600%.
Tenders totaled $91,435,939,600 and the Treasury accepted $30,000,043,700, including $23,439,600 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, dated Oct. 15, will mature Oct. 15, 2016.