NEW YORK - The Treasury Department auctioned $29 billion of seven-year notes, with a 1 7/8% coupon, a 1.989% high yield, a price of 99.258493.
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The bid-to-cover ratio was 2.98.
Tenders at the high yield were allotted 49.76%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.950%. The low yield was 1.900%.
Tenders totaled $86,535,955,800 and the Treasury accepted $29,000,008,600 including $35,555,800 non-competitive.
The Fed banks bought $710,037,100 for their own account in exchange for maturing securities.
The notes are dated August 31 and are due August 31, 2017.
