NEW YORK - The Treasury Department today auctioned $35 billion of three-year notes with a 1% coupon at a 1.055% yield, a price of 99.838004.
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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%.
Tenders totaled $111,830,271,700 and the Treasury accepted $35,000,048,700, including $59,821,700 non-competitive.
The Fed banks also bought $9,938,400 for their own account in exchange for maturing securities.
The notes, dated July 15, will mature July 15, 2013.
