The Treasury Department yesterday auctioned $35 billion of three-year notes with a 1% coupon at a 1.055% yield, a price of 99.838004.

The bid-to-cover ratio was 3.20. Tenders at the high yield were allotted 72.43%. All competitive tenders at lower yields were accepted in full. The median yield was 1.019%. The low yield was 0.947%.

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