NEW YORK - The Treasury Department auctioned $29 billion of seven-year notes, with a 1 7/8% coupon, a 1.970% high yield, a price of 99.381826.
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The bid-to-cover ratio was 3.06.
Tenders at the high yield were allotted 23.90%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.939%. The low yield was 1.860%.
Tenders totaled $88,844,691,600 and the Treasury accepted $29,000,025,600 including $14,541,600 non-competitive.
The Fed banks bought $594,478,900 for their own account in exchange for maturing securities.
The notes are dated October 31 and are due October 31, 2017.
