The Treasury Department auctioned $28 billion of seven-year notes, with a 2 1/4% coupon and a 2.284% high yield, a price of 99.781232.
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The bid-to-cover ratio was 2.54.
Tenders at the high yield were allotted 51.18%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.240%. The low yield was 1.888%.
Tenders totaled $71,246,306,400 and the Treasury accepted $28,000,098,400 including $15,111,400 non-competitive.
The Fed banks bought $3,723,307,400 for their own account.
The notes are dated Dec. 31 and are due Dec. 31, 2023.
