The Treasury Department auctioned $28 billion of seven-year notes, with a 2 1/8% coupon and a 2.215% high yield, a price of 99.419378.
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The bid-to-cover ratio was 2.56.
Tenders at the high yield were allotted 19.22%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.175%. The low yield was 1.888%.
Tenders totaled $71,778,078,000 and the Treasury accepted $28,000,008,000 including $12,254,000 non-competitive.
The Fed banks bought $3,389,839,400 for their own account.
The notes are dated March 31 and are due March 31, 2024.
