NEW YORK - The Treasury Department today auctioned $32 billion of three-year notes with a 1% coupon at a 1.027% yield, a price of 99.920611.
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The bid-to-cover ratio was 3.06.
Tenders at the high yield were allotted 41.70%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.983%. The low yield was 0.928%.
Tenders totaled $97,833,082,600 and the Treasury accepted $32,000,032,600, including $40,582,600 non-competitive.
The Fed banks also bought $701,276,400 for their own account in exchange for maturing securities.
The notes, dated January 15, will mature January 15, 2014.
