The Treasury Department auctioned $29 billion of seven-year notes, with a 2% coupon and a 2.021% high yield, a price of 99.863565.
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The bid-to-cover ratio was 2.47.
Tenders at the high yield were allotted 69.25%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.975%. The low yield was 1.900%.
Tenders totaled $71,567,397,300 and the Treasury accepted $29,000,008,600 including $13,197,300 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes are dated July 31 and are due July 31, 2022.
