NEW YORK - The Treasury Department auctioned $29 billion of seven-year notes, with a 1 1/4% coupon, a 1.347% high yield, a price of 99.354100.

The bid-to-cover ratio was 2.83.

Tenders at the high yield were allotted 64.06%. All competitive tenders at lower yields were accepted in full.

The median yield was 1.307%. The low yield was 1.250%.

Tenders totaled $82,145,379,600 and the Treasury accepted $29,000,047,600 including $11,979,600 non-competitive.

The Fed banks bought $779,153,800 for their own account in exchange for maturing securities.

The notes are dated April 30 and are due April 30, 2019.

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