NEW YORK - The Treasury Department auctioned $29 billion of seven-year notes, with a 1 7/8% coupon, a 1.890% high yield, a price of 99.902081.
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The bid-to-cover ratio was 3.04.
Tenders at the high yield were allotted 40.21%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.850%. The low yield was 1.790%.
Tenders totaled $88,238,230,100 and the Treasury accepted $29,000,028,100 including $14,830,100 non-competitive.
The Fed banks bought $913,631,000 for their own account in exchange for maturing securities.
The notes are dated September 30 and are due September 30, 2017.
