The Treasury Department auctioned $29 billion of seven-year notes, with a 1.750% coupon, a 1.870% high yield, a price of 99.216081.

The bid-to-cover ratio was 2.66.

Tenders at the high yield were allotted 69.67%. All competitive tenders at lower yields were accepted in full.

The median yield was 1.837%. The low yield was 1.750%.

Tenders totaled $77,132,636,100 and the Treasury accepted $29,000,005,100 including $10,036,100 non-competitive.

The Fed banks bought nothing for their own account in exchange for maturing securities.

The notes are dated Oct. 31 and are due Oct. 31, 2020.

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