NEW YORK - The Treasury Department today auctioned $32 billion of three-year notes with a 1/2% coupon at a 0.544% yield, a price of 99.869476.
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The bid-to-cover ratio was 3.30.
Tenders at the high yield were allotted 31.18%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.500%. The low yield was 0.410%.
Tenders totaled $105,629,416,000 and the Treasury accepted $32,000,010,200, including $28,316,000 non-competitive.
The Fed banks also bought nothing for their own account in exchange for maturing securities.
The notes, dated October 15, will mature October 15, 2014.
