The Treasury Department auctioned $29 billion of seven-year notes, with a 2% coupon, a 2.105% high yield, a price of 99.319903.
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The bid-to-cover ratio was 2.72.
Tenders at the high yield were allotted 82.51%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.073%. The low yield was 2.000%.
Tenders totaled $78,957,358,000 and the Treasury accepted $29,000,013,500 including $40,358,000 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes are dated Feb. 28 and are due Feb. 28, 2021.
