The Treasury Department auctioned $28 billion of seven-year notes, with a 2 1/8% coupon and a 2.130% high yield, a price of 99.967545.
The bid-to-cover ratio was 2.70.
Carol M. Highsmith: Photographer
Tenders at the high yield were allotted 11.57%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.092%. The low yield was 1.995%.
Tenders totaled $75,706,270,700 and the Treasury accepted $28,000,086,700 including $12,919,700 non-competitive.
The Fed banks bought $3,483,018,900 for their own account.
The notes are dated Sept. 30 and are due Sept. 30, 2024.
