NEW YORK - The Treasury Department Tuesday auctioned $32 billion of three-year notes with a 1/4% coupon at a 0.362% yield, a price of 99.666118.
The bid-to-cover ratio was 3.65.
Tenders at the high yield were allotted 66.17%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.340%. The low yield was 0.272%.
Tenders totaled $116,861,657,600 and the Treasury accepted $32,000,175,100, including $35,557,600 non-competitive.
The Fed banks also bought $2,001,928,400 for their own account in exchange for maturing securities.
The notes, dated May 15, will mature May 15, 2015.