The Treasury Department auctioned $29 billion of seven-year notes, with a 1 3/4% coupon and a 1.820% high yield, a price of 99.541880.
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The bid-to-cover ratio was 2.44.
Tenders at the high yield were allotted 91.10%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.780%. The low yield was 1.725%.
Tenders totaled $70,618,610,300 and the Treasury accepted $29,000,000,300 including $17,586,300 non-competitive.
The Fed banks bought $106,083,400 for their own account in exchange for maturing securities.
The notes are dated April 30 and are due April 30, 2022.
