The Treasury Department auctioned $29 billion of seven-year notes, with a 2.25% coupon, a 2.258% high yield, a price of 99.948469.
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The bid-to-cover ratio was 2.59.
Tenders at the high yield were allotted 97.91%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.229%. The low yield was 2.150%.
Tenders totaled $75,185,669,300 and the Treasury accepted $29,000,011,800 including $10,669,300 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes are dated March 31 and are due March 31, 2021.
