NEW YORK - The Treasury Department auctioned $29 billion of seven-year notes, with a 1% coupon, a 1.075% high yield, a price of 99.495918.

The bid-to-cover ratio was 2.64.

Tenders at the high yield were allotted 54.05%. All competitive tenders at lower yields were accepted in full.

The median yield was 1.019%. The low yield was 0.950%.

Tenders totaled $76,505,154,100 and the Treasury accepted $29,000,049,100 including $7,654,100 non-competitive.

The Fed banks bought $296,081,700 for their own account in exchange for maturing securities.

The notes are dated July 2 and are due June 30, 2019.

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