The Treasury Department Monday auctioned $32 billion of three-year notes with a 3/8% coupon at a 0.456% yield and a price of 99.758927.
The bid-to-cover ratio was 3.44. Tenders at the high yield were allotted 94.55%. The median yield was 0.436%. The low yield was 0.358%. Tenders totaled $109,949,262,800 and the Treasury accepted $32,000,025,300, including $33,962,800 of noncompetitive.