The Treasury Department auctioned $29 billion of seven-year notes, with a 2% coupon, a 2.045% high yield, a price of par.
The bid-to-cover ratio was 2.57.
Tenders at the high yield were allotted 0.36%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.000%. The low yield was 1.950%.
Tenders totaled $74,539,576,700 and the Treasury accepted $29,000,006,700 including $26,376,700 non-competitive.
The Fed banks bought $1,463,500 for their own account in exchange for maturing securities.
The notes are dated Aug. 31 and are due Aug. 31, 2021.