The Treasury Department auctioned $29 billion of seven-year notes, with a 2% coupon, a 2.058% high yield, a price of 99.623686.
The bid-to-cover ratio was 2.46.
Tenders at the high yield were allotted 9.87%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.017%. The low yield was 1.950%.
Tenders totaled $71,384,627,300 and the Treasury accepted $29,000,000,900 including $15,027,300 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, 2020.