NEW YORK - The Treasury Department today auctioned $32 billion of three-year notes with a 3/8% coupon at a 0.379% yield, a price of 99.988079.
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The bid-to-cover ratio was 3.41.
Tenders at the high yield were allotted 59.46%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.358%. The low yield was 0.289%.
Tenders totaled $109,053,347,500 and the Treasury accepted $32,000,088,300, including $42,647,500 non-competitive.
The Fed banks also bought $2,448,487,400 for their own account in exchange for maturing securities.
The notes, dated November 15, will mature November 15, 2014.
