NEW YORK - The Treasury Department today auctioned $32 billion of three-year notes with a 1/2% coupon at a 0.575% yield, a price of 99.777247.
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The bid-to-cover ratio was 3.26.
Tenders at the high yield were allotted 40.86%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.548%. The low yield was 0.470%.
Tenders totaled $104,325,880,400 and the Treasury accepted $32,000,198,400, including $49,680,400 non-competitive.
The Fed banks also bought $858,061,400 for their own account in exchange for maturing securities.
The notes, dated November 15, will mature November 15, 2013.
