NEW YORK - The Treasury Department today auctioned $39 billion of three-year notes with a 1 3/8% coupon at a 1.445% yield, a price of 99.795210.
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The bid-to-cover ratio was 2.76.
Tenders at the high yield were allotted 61.96%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.387%. The low yield was 1.320%.
Tenders totaled $107,625,244,800 and the Treasury accepted $39,000,006,800, including $71,644,800 non-competitive.
The Fed banks also bought $305,000,200 for their own account in exchange for maturing securities.
The notes, dated Oct. 15, will mature Oct. 15, 2012.
