NEW YORK - The Treasury Department today auctioned $32 billion of three-year notes with a 0.750% coupon at a 0.765% yield, a price of 99.955596.
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The bid-to-cover ratio was 3.28.
Tenders at the high yield were allotted 74.36%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.739%. The low yield was 0.657%.
Tenders totaled $104,925,873,800 and the Treasury accepted $32,000,008,200, including $20,073,800 non-competitive.
The Fed banks also bought nothing for their own account in exchange for maturing securities.
The notes, dated June 15, will mature June 15, 2014.
