The Treasury Department auctioned $28 billion of seven-year notes, with a 2% coupon and a 2.084% high yield, a price of 99.455647.

The bid-to-cover ratio was 2.73.

Tenders at the high yield were allotted 11.62%. All competitive tenders at lower yields were accepted in full.


The median yield was 2.050%. The low yield was 1.888%.

Tenders totaled $76,521,999,000 and the Treasury accepted $28,000,004,000 including $8,347,000 non-competitive.

The Fed banks bought $3,821,581,100 for their own account.

The notes are dated April 30 and are due April 30, 2024.

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