NEW YORK - The Treasury Department today auctioned $32 billion of three-year notes with a 3/4% coupon at a 0.862% yield, a price of 99.669011.
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The bid-to-cover ratio was 2.91.
Tenders at the high yield were allotted 67.03%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.818%. The low yield was 0.728%.
Tenders totaled $93,005,937,800 and the Treasury accepted $32,000,027,800, including $30,937,800 non-competitive.
The Fed banks also bought $465,454,600 for their own account in exchange for maturing securities.
The notes, dated December 15, will mature December 15, 2013.
