The Treasury Department auctioned $29 billion of seven-year notes, with a 1 3/4% coupon and a 1.792% high yield, a price of 99.724848.
The bid-to-cover ratio was 2.32.
Tenders at the high yield were allotted 35.96%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.735%. The low yield was 1.650%.
The notes are dated Mar. 31 and are due Mar. 31, 2022.