NEW YORK - The Treasury Department today auctioned $32 billion of three-year notes with a 1-1/4% coupon at a 1.298% yield, a price of 99.859215.
Processing Content
The bid-to-cover ratio was 3.22.
Tenders at the high yield were allotted 31.72%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.267%. The low yield was 1.197%.
Tenders totaled $103,014,147,100 and the Treasury accepted $32,000,009,100, including $50,000,000 non-competitive.
The Fed banks bought none for their own account.
The notes, dated March 15, will mature March 15, 2014.
