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    Treasury Auction Results: Tendered Accepted

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    The U.S. Treasury auctioned $32 billion of 3-year notes with an interest rate of 1.25%. The high yield on the auction was 1.349% and 23.20% of bids were allotted at the high price of $99.709887. Primary dealers tendered $70.9 billion but were only allotted $19.89 billion of the notes.

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    Treasury Auction Results: Tendered Accepted

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    The U.S. Treasury auctioned $32 billion of 3-year notes with an interest rate of 1.25%. The high yield on the auction was 1.349% and 23.20% of bids were allotted at the high price of $99.709887. Primary dealers tendered $70.9 billion but were only allotted $19.89 billion of the notes.

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    The U.S. Treasury auctioned $32 billion of 3-year notes with an interest rate of 1.25%. The high yield on the auction was 1.349% and 23.20% of bids were allotted at the high price of $99.709887. Primary dealers tendered $70.9 billion but were only allotted $19.89 billion of the notes.

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    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    22 views1 page

    Treasury Auction Results: Tendered Accepted

    Uploaded by

    api-25887578
    The U.S. Treasury auctioned $32 billion of 3-year notes with an interest rate of 1.25%. The high yield on the auction was 1.349% and 23.20% of bids were allotted at the high price of $99.709887. Primary dealers tendered $70.9 billion but were only allotted $19.89 billion of the notes.

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    of 1

    For Immediate Release CONTACT: Office of Financing

    February 08, 2011 202-504-3550

    TREASURY AUCTION RESULTS


    Term and Type of Security 3-Year Note
    CUSIP Number 912828QH6
    Series W-2014

    Interest Rate 1-1/4%


    High Yield1 1.349%
    Allotted at High 23.20%
    Price 99.709887
    Accrued Interest per $1,000 None

    Median Yield2 1.308%


    Low Yield3 1.243%

    Issue Date February 15, 2011


    Maturity Date February 15, 2014
    Original Issue Date February 15, 2011
    Dated Date February 15, 2011

    Tendered Accepted
    Competitive $96,356,400,000 $31,928,640,000
    Noncompetitive $66,360,600 $66,360,600
    FIMA (Noncompetitive) $5,000,000 $5,000,000
    Subtotal4 $96,427,760,600 $32,000,000,6005

    SOMA $734,226,700 $734,226,700

    Total $97,161,987,300 $32,734,227,300

    Tendered Accepted
    Primary Dealer6 $70,926,000,000 $19,890,840,000
    Direct Bidder7 $9,996,000,000 $3,229,000,000
    Indirect Bidder8 $15,434,400,000 $8,808,800,000
    Total Competitive $96,356,400,000 $31,928,640,000

    1 5
    All tenders at lower yields were accepted in full. Awards to combined Treasury Direct systems = $32,473,500.
    2 6
    50% of the amount of accepted competitive tenders was tendered at or below Primary dealers as submitters bidding for their own house accounts.
    that yield. 7
    Non-Primary dealer submitters bidding for their own house accounts.
    3 8
    5% of the amount of accepted competitive tenders was tendered at or below Customers placing competitive bids through a direct submitter, including
    that yield. Foreign and International Monetary Authorities placing bids through the
    4 Federal Reserve Bank of New York.
    Bid-to-Cover Ratio: $96,427,760,600/$32,000,000,600 = 3.01

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