NEW YORK - The Treasury Department Monday auctioned $32 billion of three-year notes with a 3/8% coupon at a 0.427% yield, a price of 99.845296.
The bid-to-cover ratio was 3.36.
Tenders at the high yield were allotted 66.02%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.403%. The low yield was 0.330%.
Tenders totaled $107,480,841,800 and the Treasury accepted $32,000,031,800, including $39,741,800 non-competitive.
The Fed banks also bought $5,822,666,200 for their own account in exchange for maturing securities.
The notes, dated April 15, will mature April 15, 2015.