NEW YORK - The Treasury Department today auctioned $40 billion of three-year notes with a 1 3/8% coupon at a 1.404% yield, a price of 99.915148.
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The bid-to-cover ratio was 3.33.
Tenders at the high yield were allotted 38.42%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.370%. The low yield was 1.250%.
Tenders totaled $133,223,456,200 and the Treasury accepted $40,000,456,200, including $175,856,200 non-competitive.
The Fed banks also bought $4,973,253,400 for their own account in exchange for maturing securities.
The notes, dated Nov. 15, will mature Nov. 15, 2012.
