NEW YORK - The Treasury Department today auctioned $36 billion of three-year notes with a 1 1/8% coupon at a 1.220% yield, a price of 99.720987.
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The bid-to-cover ratio was 3.23.
Tenders at the high yield were allotted 58.71%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.189%. The low yield was 1.098%.
Tenders totaled $116,300,611,500 and the Treasury accepted $36,000,001,500, including $76,111,500 non-competitive.
The Fed banks also bought $207,771,500 for their own account in exchange for maturing securities.
The notes, dated June 15, will mature June 15, 2013.
