Treasury 7-Year Notes Go At 2.221% High Yield

The Treasury Department auctioned $29 billion of seven-year notes, with a 2 1/8% coupon, a 2.221% high yield, a price of 99.381289.

The bid-to-cover ratio was 2.43.

Tenders at the high yield were allotted 55.56%. All competitive tenders at lower yields were accepted in full.

The median yield was 2.190%. The low yield was 2.130%.

Tenders totaled $70,431,549,100 and the Treasury accepted $29,000,003,100 including $19,649,100 non-competitive.

The Fed banks bought nothing for their own account in exchange for maturing securities.

The notes are dated August 31 and are due August 31, 2020.

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