Treasury 7-Year Notes Go At 1.155% High Yield

The Treasury Department auctioned $29 billion of seven-year notes, with a 1.125% coupon, a 1.155% high yield, a price of 99.798822.

The bid-to-cover ratio was 2.71.

Tenders at the high yield were allotted 97.57%. All competitive tenders at lower yields were accepted in full.

The median yield was 1.120%. The low yield was 1.069%.

Tenders totaled $78,613,749,500 and the Treasury accepted $29,000,051,700 including $11,6492,500 non-competitive.

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

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

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