NEW YORK - The Treasury Department today auctioned $32 billion of three-year notes with a 1/2% coupon at a 0.569% yield, a price of 99.795046.
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The bid-to-cover ratio was 2.95.
Tenders at the high yield were allotted 45.87%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.540%. The low yield was 0.459%.
Tenders totaled $94,272,908,500 and the Treasury accepted $32,000,053,000, including $30,308,500 non-competitive.
The Fed banks also bought $281,212,200 for their own account in exchange for maturing securities.
The notes, dated October 15, will mature October 15, 2013.
