Treasury 7-Year Notes Go At 2.106% High Yield

The Treasury Department auctioned $29 billion of seven-year notes, with a 2% coupon, a 2.106% high yield, a price of 99.313835.

The bid-to-cover ratio was 2.36.

Tenders at the high yield were allotted 31.60%. All competitive tenders at lower yields were accepted in full.

The median yield was 2.059%. The low yield was 1.995%.

Tenders totaled $68,490,579,800 and the Treasury accepted $29,000,075,800 including $9,979,800 non-competitive.

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

The notes are dated Nov. 30 and are due Nov. 30, 2020.

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