The Treasury Department auctioned $28 billion of seven-year notes, with a 1 3/8% coupon and a 1.389% high yield, a price of 99.681269.
The bid-to-cover ratio was 2.47.
Tenders at the high yield were allotted 96.45%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.347%. The low yield was 1.250%.
Tenders totaled $69,259,828,000 and the Treasury accepted $28,000,000,500 including $13,209,000 non-competitive.
The Fed banks bought $1,706,834,300 for their own account.
The notes are dated Sept. 30 and are due Sept. 30, 2023.