The Treasury Department auctioned $29 billion of seven-year notes, with a 1.25% coupon, a 1.267% high yield, a price of 99.886468.

The bid-to-cover ratio was 2.56.

Tenders at the high yield were allotted 15.85%. All competitive tenders at lower yields were accepted in full.

The median yield was 1.227%. The low yield was 1.160%.

Tenders totaled $74,209,799,700 and the Treasury accepted $29,000,049,700 including $7,599,700 non-competitive.

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

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

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