NEW YORK - The Treasury Department auctioned $29 billion of seven-year notes, with a 2 1/4% coupon, a 2.253% high yield, a price of 99.980673.
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The bid-to-cover ratio was 2.63.
Tenders at the high yield were allotted 40.23%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.186%. The low yield was 2.100%.
Tenders totaled $76,277,656,300 and the Treasury accepted $29,000,001,300 including $8,056,300 non-competitive.
The Fed banks bought $1,142,703,200 for their own account in exchange for maturing securities.
The notes are dated November 30 and are due November 30, 2017.
