The Treasury Department Tuesday auctioned $30 billion of three-year notes with a 3/4% coupon at a 0.799% yield, a price of 99.855034.
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The bid-to-cover ratio was 3.25.
Tenders at the high yield were allotted 4.18%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.779%. The low yield was 0.700%.
Tenders totaled $97,640,477,700 and the Treasury accepted $30,000,311,700, including $27,577,700 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, dated Jan. 15, will mature Jan. 15, 2017.
