NEW YORK - The Treasury Department today auctioned $32 billion of three-year notes with a 1% coupon at a 1.000% yield, a price of 99.999987.
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The bid-to-cover ratio was 3.29.
Tenders at the high yield were allotted 20.92%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.968%. The low yield was 0.882%.
Tenders totaled $105,257,874,700 and the Treasury accepted $32,000,041,500, including $25,874,700 non-competitive.
The Fed banks also bought nothing for their own account in exchange for maturing securities.
The notes, dated May 15, will mature May 15, 2014.
