The Treasury Department auctioned $29 billion of seven-year notes, with a 2 1/8% coupon and a 2.125% high yield, a price of par.
The bid-to-cover ratio was 2.39.
Tenders at the high yield were allotted 53.86%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.087%. The low yield was 2.010%.
Tenders totaled $69,245,059,300 and the Treasury accepted $29,000,009,300 including $9,859,300 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes are dated Dec. 31 and are due Dec. 31, 2021.
