NEW YORK - The Treasury Department auctioned $29 billion of seven-year notes, with a 2 1/4% coupon, a 2.280% high yield, a price of 99.806914.
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The bid-to-cover ratio was 2.63.
Tenders at the high yield were allotted 72.00%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.222%. The low yield was 2.097%.
Tenders totaled $76,266,019,800 and the Treasury accepted $29,000,019,800 including $13,059,800 non-competitive.
The Fed banks bought $863,532,000 for their own account in exchange for maturing securities.
The notes are dated July 31 and are due July 31, 2018.
