NEW YORK (AP) — The Treasury Department raised $32 billion in a sale of three-year notes that was met with blockbuster demand.
For every $1 that was offered, buyers placed $3.94 in bids, the highest demand for the notes recorded, according to research from Nomura Securities.
The notes fetched a yield of 0.337 percent.
A Nomura research note said it was a sign that traders expect the Fed to extend its guidance for low interest rates into late 2015.
The price of 10-year Treasury notes fell 31 cents Tuesday for every $100 invested. The yield was 1.69 percent, up from 1.66 percent late Monday.
In other trading, the price of the 30-year bond fell 56 cents for every $100 invested. The yield rose to 2.84 percent, from 2.81 percent late Monday.