The Treasury Department auctioned $29 billion of seven-year notes, with a 1 3/4% coupon and a 1.834% high yield, a price of 99.450849.
The bid-to-cover ratio was 2.37.
Tenders at the high yield were allotted 54.12%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.780%. The low yield was 1.710%.
Tenders totaled $68,687,695,200 and the Treasury accepted $29,000,022,400 including $9,730,200 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes are dated Feb. 28 and are due Feb. 28, 2022.