NEW YORK - The Treasury Department auctioned $29 billion of seven-year notes, with a 1 3/8% coupon, a 1.415% high yield, a price of 99.734313.
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The bid-to-cover ratio was 3.20.
Tenders at the high yield were allotted 32.00%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.390%. The low yield was 1.296%.
Tenders totaled $92,894,114,500 and the Treasury accepted $29,000,174,500 including $20,289,500 non-competitive.
The Fed banks bought $1,313,968,300 for their own account in exchange for maturing securities.
The notes are dated Nov. 30 and are due Nov. 30, 2018.
