NEW YORK - The Treasury Department today auctioned $40 billion of three-year notes with a 1 3/8% coupon at a 1.490% yield, a price of 99.663820.
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The bid-to-cover ratio was 2.98.
Tenders at the high yield were allotted 79.20%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.452%. The low yield was 1.388%.
Tenders totaled $119,016,271,000 and the Treasury accepted $40,000,191,000, including $81,871,000 non-competitive.
The Fed banks also bought $1,553,093,000 for their own account in exchange for maturing securities.
The notes, dated Jan. 15, will mature Jan. 15, 2013.
