The Treasury Department auctioned $29 billion of seven-year notes, with a 2 1/8% coupon, a 2.190% high yield, a price of 99.580282.
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The bid-to-cover ratio was 2.65.
Tenders at the high yield were allotted 91.30%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.169%. The low yield was 2.100%.
Tenders totaled $76,710,446,200 and the Treasury accepted $29,000,056,200 including $26,446,200 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes are dated Jan. 31 and are due Jan. 31, 2021.
