The Treasury Department Tuesday auctioned $32 billion of three-year notes with a 1/4% coupon at a 0.347% yield, a price of 99.710759. The bid-to-cover ratio was 3.30. Tenders at the high yield were allotted 12.68%.

The median yield was 0.332%. The low yield was 0.250%. Tenders totaled $105,678,618,300 and the Treasury accepted $32,000,048,300, including $37,618,300 non-competitive.

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