The Treasury Department auctioned $29 billion of seven-year notes, with a 2% coupon, a 2.018% high yield, a price of 99.883043.
The bid-to-cover ratio was 2.42.
Tenders at the high yield were allotted 95.02%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.980%. The low yield was 1.919%.
Tenders totaled $70,042,697,100 and the Treasury accepted $29,000,010,100 including $12,297,100 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes are dated Oct. 31 and are due Oct. 31, 2021.