Treasury 7-year notes go at 2.130% high yield on Sept. 28

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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.

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.

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