Treasury 3-year notes go at 1.433% high yield on Sept. 11

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The Treasury Department Monday auctioned $24 billion of three-year notes with a 1 3/8% coupon at a 1.433% high yield, a price of 99.830281.

The bid-to-cover ratio was 2.70.

Tenders at the high yield were allotted 87.71%. All competitive tenders at lower yields were accepted in full.

The median yield was 1.380%. The low yield was 1.188%.

Tenders totaled $64,883,398,300 and the Treasury accepted $24,000,020,800, including $47,698,300 non-competitive.

The Fed banks bought nothing for their own account in exchange for maturing securities.

The notes, dated Sept. 15, will mature Sept. 15, 2020.

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