The Treasury Department auctioned $29 billion of seven-year notes, with a 1 7/8% coupon and a 1.930% high yield, a price of 99.641487.
The bid-to-cover ratio was 2.53.
Tenders at the high yield were allotted 72.84%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.890%. The low yield was 1.808%.
Tenders totaled $73,265,445,400 and the Treasury accepted $29,000,002,200 including $14,610,400 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes are dated Aug. 31 and are due Aug. 31, 2022.