The Treasury Department Tuesday auctioned $30 billion of three-year notes with a 5/8% coupon at a 0.631% yield, a price of 99.982208.
The bid-to-cover ratio was 3.55.
Tenders at the high yield were allotted 68.71%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.610%. The low yield was 0.579%.
Tenders totaled $106,583,000,000 and the Treasury accepted $30,000,000,000, including $29,000,000 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, dated Dec. 16, will mature Dec. 15, 2016.