The Treasury Department auctioned $29 billion of seven-year notes, with a 1 7/8% coupon and a 1.885% high yield, a price of 99.034662.
Processing Content
The bid-to-cover ratio was 2.55.
Tenders at the high yield were allotted 44.64%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.845%. The low yield was 1.765%.
Tenders totaled $73,853,938,200 and the Treasury accepted $29,000,018,200 including $10,385,200 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, 2022.
