The Treasury Department yesterday auctioned $31 billion of seven-year notes, with a 3 1/8% coupon, a 3.141% high yield, and a price of 99.899963.
The bid-to-cover ratio was 2.65. Tenders at the high yield were allotted 46.79%. The median yield was 3.020%. The low yield was 2.850%.
Tenders totaled $82,206,055,000 and the Treasury accepted $31,000,005,000, including $33,855,000 of noncompetitive.