The Treasury Department auctioned $29 billion of seven-year notes, with a 2% coupon, a 2.106% high yield, a price of 99.313835.
The bid-to-cover ratio was 2.36.
Tenders at the high yield were allotted 31.60%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.059%. The low yield was 1.995%.
Tenders totaled $68,490,579,800 and the Treasury accepted $29,000,075,800 including $9,979,800 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes are dated Nov. 30 and are due Nov. 30, 2020.