Treasury 7-Year Notes Go At 1.055% High Yield

The Treasury Department auctioned $29 billion of seven-year notes, with a 1% coupon, a 1.055% high yield, a price of 99.629938.

The bid-to-cover ratio was 2.61.

Tenders at the high yield were allotted 82.60%. All competitive tenders at lower yields were accepted in full.

The median yield was 1.023%. The low yield was 0.950%.

Tenders totaled $75,753,348,700 and the Treasury accepted $29,000,017,700 including $6,148,700 non-competitive.

The Fed banks bought nothing for their own account in exchange for maturing securities.

The notes are dated Sept. 30 and are due Sept. 30, 2019.

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