NEW YORK - The Treasury Department today auctioned $32 billion of three-year notes with a 5/8% coupon at a 0.670% yield, a price of 99.866569.
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The bid-to-cover ratio was 3.22.
Tenders at the high yield were allotted 31.73%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.640%. The low yield was 0.578%.
Tenders totaled $103,007,950,200 and the Treasury accepted $32,000,022,700, including $39,200,200 non-competitive.
The Fed banks also bought nothing for their own account in exchange for maturing securities.
The notes, dated July 15, will mature July 15, 2014.
