The Treasury Department auctioned $28 billion of seven-year notes, with a 2 1/8% coupon and a 2.230% high yield, a price of 99.806914.

The bid-to-cover ratio was 2.36.

Tenders at the high yield were allotted 34.83%. All competitive tenders at lower yields were accepted in full.

The median yield was 2.175%. The low yield was 2.096%.

Tenders totaled $66,188,367,500 and the Treasury accepted $28,000,048,500 including $8,057,500 non-competitive.

The Fed banks bought $1,519,409,500 for their own account.

The notes are dated Nov. 30 and are due Nov. 30, 2024.

Bloomberg News

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