NEW YORK - The Treasury Department auctioned $29 billion of seven-year notes, with a 1 1/2% coupon, a 1.580% high yield, a price of 99.471828.
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The bid-to-cover ratio was 2.76.
Tenders at the high yield were allotted 79.88%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.529%. The low yield was 1.449%.
Tenders totaled $80,000,413,600 and the Treasury accepted $29,000,008,800 including $28,913,600 non-competitive.
The Fed banks bought $886,976,100 for their own account in exchange for maturing securities.
The notes are dated Aug. 31 and are due Aug. 31, 2018.
