The Treasury Department Tuesday auctioned $24 billion of three-year notes with a 3/4% coupon at a 0.765% yield, a price of 99.955596.
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The bid-to-cover ratio was 2.69.
Tenders at the high yield were allotted 63.62%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.730%. The low yield was 0.600%.
Tenders totaled $64,453,251,700 and the Treasury accepted $24,000,626,700, including $47,951,700 non-competitive.
The Fed banks bought $1,563,173,600 for their own account in exchange for maturing securities.
The notes, dated July 15, will mature July 15, 2019.
