NEW YORK - The Treasury Department Tuesday auctioned $32 billion of three-year notes with a 1/4% coupon at a 0.347% yield, a price of 99.710759.
The bid-to-cover ratio was 3.30.
Tenders at the high yield were allotted 12.68%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.332%. The low yield was 0.250%.
Tenders totaled $105,678,618,300 and the Treasury accepted $32,000,048,300, including $37,618,300 non-competitive.
The Fed banks also bought $3,901,769,900 for their own account in exchange for maturing securities.
The notes, dated Feb. 15, will mature Feb. 15, 2015.
