The Treasury Department Tuesday auctioned $32 billion of three-year notes with a 1/2% coupon at a 0.581% yield, a price of 99.759878.
The bid-to-cover ratio was 2.95.
Tenders at the high yield were allotted 58.56%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.560%. The low yield was 0.486%.
Tenders totaled $94,261,217,300 and the Treasury accepted $32,000,097,300, including $30,317,300 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, dated June 15, will mature June 15, 2016.