The Treasury Department auctioned $29 billion of seven-year notes, with a 1 3/4% coupon and a 1.759% high yield, a price of 99.940947.
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The bid-to-cover ratio was 2.63.
Tenders at the high yield were allotted 60.94%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.720%. The low yield was 1.588%.
Tenders totaled $76,283,817,700 and the Treasury accepted $29,000,076,700 including $26,592,700 non-competitive.
The Fed banks bought $527,920,200 for their own account in exchange for maturing securities.
The notes are dated Jan. 31 and are due Jan. 31, 2023.
