The Treasury Department auctioned $29 billion of seven-year notes, with a 1.125% coupon, a 1.233% high yield, a price of 99.277836.

The bid-to-cover ratio was 2.72.

Tenders at the high yield were allotted 92.81%. All competitive tenders at lower yields were accepted in full.

The median yield was 1.200%. The low yield was 1.149%.

Tenders totaled $78,831,193,400 and the Treasury accepted $29,000,003,400 including $28,293,400 non-competitive.

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

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

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