The Treasury Department auctioned $28 billion of seven-year notes, with a 1 1/4% coupon and a 1.340% high yield, a price of 99.400756.
The bid-to-cover ratio was 2.51.
Tenders at the high yield were allotted 55.12%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.397%. The low yield was 1.200%.
Tenders totaled $70,382,565,800 and the Treasury accepted $28,000,073,800 including $14,288,800 non-competitive.
The Fed banks bought $1,955,349,700 for their own account.
The notes are dated July 31 and are due July 31, 2023.
