The Treasury Department Tuesday auctioned $24 billion of three-year notes with a 1% coupon at a 0.875% yield, a price of 99.940929.
The bid-to-cover ratio was 3.14.
Tenders at the high yield were allotted 34.24%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.855%. The low yield was 0.700%.
Tenders totaled $75,306,924,000 and the Treasury accepted $24,000,028,000, including $41,624,000 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, dated Oct. 15, will mature Oct. 15, 2018.