NEW YORK - The Treasury Department today auctioned $32 billion of three-year notes with a 1-1/4% coupon at a 1.280% yield, a price of 99.911982.
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The bid-to-cover ratio was 3.25.
Tenders at the high yield were allotted 76.10%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.249%. The low yield was 1.192%.
Tenders totaled $104,013,755,400 and the Treasury accepted $32,000,075,400, including $45,855,400 non-competitive.
The Fed banks also bought $1,575,217,400 for their own account in exchange for maturing securities.
The notes, dated April 15, will mature April 15, 2014.
