Yields on 3-Year Treasury Notes Hit Record Low
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WASHINGTON — Yields on three-year Treasury notes fell in Tuesday’s auction to the lowest level on record.
The average yield was 4.69%, down from 5.96% at the last auction May 5. It was the lowest rate since the start of regular auctions of three-year notes in 1978.
The notes will carry a coupon interest rate of 4.635%, with each $10,000 in face value selling for $9,982.00.
A total of $15 billion in notes was sold at the first installment of the government’s quarterly refunding auctions, which are used to help finance the $3.9-trillion national debt.
A total of $11 billion in 10-year notes will be auctioned off today, and $10 billion in 30-year bonds will be sold Thursday.
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