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.