The Treasury Department Tuesday auctioned $32 billion of three-year notes with a 1/2% coupon at a 0.500% yield, a price of par.

The bid-to-cover ratio was 3.29. Tenders at the high yield were allotted 29.50%. The median yield was 0.480%. The low yield was 0.396%.

Tenders totaled $105,261,118,100 and the Treasury accepted $32,000,188,100, including $15,218,100 non-competitive.

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