The Treasury Department auctioned $28 billion of seven-year notes, with a 1 3/8% coupon and a 1.423% high yield, a price of 99.681269.
The bid-to-cover ratio was 2.38.
Tenders at the high yield were allotted 1.65%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.370%. The low yield was 1.288%.
Tenders totaled $66,731,707,000 and the Treasury accepted $28,000,007,000 including $14,288,800 non-competitive.
The Fed banks bought $1,914,871,600 for their own account.
The notes are dated Aug. 31 and are due Aug 31, 2023.
