The Treasury Department Tuesday auctioned $30 billion of three-year notes with a 3/4% coupon at a 0.802% yield, a price of 99.846425.
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The bid-to-cover ratio was 3.25.
Tenders at the high yield were allotted 16.92%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.780%. The low yield was 0.740%.
Tenders totaled $97,582,884,200 and the Treasury accepted $30,000,074,200, including $38,884,200 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, dated March 15, will mature March 15, 2017.
