The Treasury Department auctioned $28 billion of seven-year notes, with a 2 1/8% coupon and a 2.197% high yield, a price of 99.535200.
The bid-to-cover ratio was 2.49.
Tenders at the high yield were allotted 70.83%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.141%. The low yield was 1.888%.
Tenders totaled $69,734,304,700 and the Treasury accepted $28,000,004,200 including $7,409,700 non-competitive.
The Fed banks bought $3,883,237,300 for their own account.
The notes are dated Feb. 28 and are due Feb. 29, 2024.
