The Treasury Department auctioned $29 billion of seven-year notes, with a 1.125% coupon, a 1.155% high yield, a price of 99.798822.
The bid-to-cover ratio was 2.71.
Tenders at the high yield were allotted 97.57%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.120%. The low yield was 1.069%.
Tenders totaled $78,613,749,500 and the Treasury accepted $29,000,051,700 including $11,6492,500 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes are dated April 30 and are due April 30, 2020.