The Treasury Department auctioned $29 billion of seven-year notes, with a 2% coupon, a 2.010% high yield, a price of 99.934945.
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The bid-to-cover ratio was 2.60.
Tenders at the high yield were allotted 73.86%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.970%. The low yield was 1.900%.
Tenders totaled $75,266,186,800 and the Treasury accepted $29,000,059,800 including $37,886,800 non-competitive.
The Fed banks bought 11,156,300 for their own account in exchange for maturing securities.
The notes are dated May 31 and are due May 31, 2021.
