The Treasury Department auctioned $29 billion of seven-year notes, with a 1 7/8% coupon, a 1.960% high yield, a price of 99.446691.
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The bid-to-cover ratio was 2.63.
Tenders at the high yield were allotted 23.39%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.922%. The low yield was 1.850%.
Tenders totaled $76,409,096,300 and the Treasury accepted $29,000,046,300 including $12,796,300 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes are dated Nov. 30 and are due Nov. 30, 2021.
