The Treasury Department auctioned $28 billion of seven-year notes, with a 1 3/8% coupon and a 1.497% high yield, a price of 99.192087.
The bid-to-cover ratio was 2.56.
Tenders at the high yield were allotted 87.12%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.449%. The low yield was 1.350%.
Tenders totaled $71,640,540,200 and the Treasury accepted $28,000,007,400 including $7,047,200 non-competitive.
The Fed banks bought $4,084,656,500 for their own account in exchange for maturing securities.
The notes are dated June 30 and are due June 30, 2023.