The Treasury Department auctioned $28 billion of seven-year notes, with a 1 5/8% coupon and a 1.652% high yield, a price of 99.822210.
The bid-to-cover ratio was 2.57.
Tenders at the high yield were allotted 20.25%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.615%. The low yield was 1.500%.
Tenders totaled $79,184,301,200 and the Treasury accepted $28,000,010,500 including $24,990,000 non-competitive.
The Fed banks bought $7,140,784,200 for their own account in exchange for maturing securities.
The notes are dated May 31 and are due May 31, 2023.
