The Treasury Department auctioned $29 billion of seven-year notes, a 1.081% high yield, a price of 99.455337.

The bid-to-cover ratio was 2.80.

Tenders at the high yield were allotted 33.82%. All competitive tenders at lower yields were accepted in full.

The median yield was 1.050%. The low yield was 0.985%.

Tenders totaled $81,337,946,100 and the Treasury accepted $29,000,016,100 including $7,746,100 non-competitive.

The Fed banks bought nothing for their own account in exchange for maturing securities.

The notes are dated August 31 and are due August 31, 2019.

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