The Treasury Department auctioned $29 billion of seven-year notes, with a 7/8% coupon, a 0.954% high yield, a price of 99.466290.
The bid-to-cover ratio was 2.64.
Tenders at the high yield were allotted 96.12%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.910%. The low yield was 0.840%.
Tenders totaled $76,422,631,900 and the Treasury accepted $29,000,021,900 including $8,031,900 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes are dated July 31 and are due July 31, 2019.