The Treasury Department auctioned $29 billion of seven-year notes, with a 2.25% coupon, a 2.317% high yield, a price of 99.569351.
The bid-to-cover ratio was 2.60.
Tenders at the high yield were allotted 47.26%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.278%. The low yield was 2.210%.
Tenders totaled $75,369,440,700 and the Treasury accepted $29,000,021,700 including $21,140,700 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes are dated April 30 and are due April 30, 2021.