NEW YORK - The Treasury Department Tuesday auctioned $32 billion of three-year notes with a 3/8% coupon at a 0.387% yield, a price of 99.964243.
The bid-to-cover ratio was 3.53.
Tenders at the high yield were allotted 52.25%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.374%. The low yield was 0.295%.
Tenders totaled $113,055,786,000 and the Treasury accepted $32,000,211,000, including $27,586,000 non-competitive.
The Fed banks also bought $2,259,356,800 for their own account in exchange for maturing securities.
The notes, dated June 15, will mature June 15, 2015.