The Treasury Department yesterday auctioned $37 billion of three-year notes with a 1 3/4% coupon at a 1.780% yield, a price of 99.912808.

The bid-to-cover ratio was 2.89. Tenders at the high yield were allotted 13.08%. The median yield was 1.727%. The low yield was 1.600%. Tenders totaled $106,991,836,100 and the Treasury accepted $37,000,046,100, including $204,836,100 of noncompetitive.

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