The Treasury Department auctioned $29 billion of seven-year notes, with a 2 1/8% coupon and a 2.161% high yield, a price of 99.767297.
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The bid-to-cover ratio was 2.34.
Tenders at the high yield were allotted 69.43%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.115%. The low yield was 1.888%.
Tenders totaled $68,002,863,300 and the Treasury accepted $29,000,008,300 including $17,216,300 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes are dated Dec. 31 and are due Dec. 31, 2022.
