NEW YORK - The Treasury Department today auctioned $33 billion of three-year notes with a 3/4% coupon at a 0.790% yield, a price of 99.881642.
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The bid-to-cover ratio was 3.21.
Tenders at the high yield were allotted 25.34%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.746%. The low yield was 0.691%.
Tenders totaled $106,042,362,000 and the Treasury accepted $33,000,124,800, including $38,912,000 non-competitive.
The Fed banks also bought $357,000,100 for their own account in exchange for maturing securities.
The notes, dated September 15, will mature September 15, 2013.
