The Treasury Department Tuesday auctioned $32 billion of three-year notes with a 1-1/4% coupon at a 1.349% yield and a price of 99.709887.
The bid-to-cover ratio was 3.01.
Tenders at the high yield were allotted 23.20%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.308%. The low yield was 1.243%.
Tenders totaled $96,427,760,600 and the Treasury accepted $32,000,000,600, including $40,582,600 of noncompetitive. Federal Reserve banks also bought $734,226,700 for their own accounts in exchange for maturing securities.
The notes, dated Feb. 15, will mature Feb. 15, 2014.