The Treasury Department auctioned $28 billion of seven-year notes, with a 2 1/4% coupon and a 2.280% high yield, a price of 99.806914.

The bid-to-cover ratio was 2.39.

Tenders at the high yield were allotted 59.49%. All competitive tenders at lower yields were accepted in full.

The median yield was 2.220%. The low yield was 2.170%.

Tenders totaled $66,946,947,700 and the Treasury accepted $28,000,071,700 including $11,232,700 non-competitive.

The Fed banks bought $700,383,400 for their own account.

The notes are dated Oct. 31 and are due Oct. 31, 2024.

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