NEW YORK - The Treasury Department today auctioned $34 billion of three-year notes with a 3/4% coupon at a 0.844% yield, a price of 99.722358.
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The bid-to-cover ratio was 3.31.
Tenders at the high yield were allotted 53.42%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.815%. The low yield was 0.738%.
Tenders totaled $112,515,117,100 and the Treasury accepted $34,000,057,100, including $91,682,100 non-competitive.
The Fed banks also bought $2,036,029,500 for their own account in exchange for maturing securities.
The notes, dated August 15, will mature August 15, 2013.
