NEW YORK - The Treasury Department auctioned $29 billion of seven-year notes, with a 1 1/4% coupon, a 1.359% high yield, a price of 99.274515.

The bid-to-cover ratio was 2.73.

Tenders at the high yield were allotted 77.18%. All competitive tenders at lower yields were accepted in full.

The median yield was 1.290%. The low yield was 1.197%.

Tenders totaled $79,307,004,600 and the Treasury accepted $29,000,034,600 including $26,004,600 non-competitive.

The Fed banks bought $545,714,500 for their own account in exchange for maturing securities.

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

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