The Treasury Department auctioned $28 billion of seven-year notes, with a 2 1/4% coupon and a 2.335% high yield, a price of 99.454010.
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The bid-to-cover ratio was 2.45.
Tenders at the high yield were allotted 11.21%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.289%. The low yield was 2.210%.
Tenders totaled $68,717,526,500 and the Treasury accepted $28,000,046,500 including $13,733,500 non-competitive.
The Fed banks bought $1,775,601,300 for their own account.
The notes are dated Jan. 31 and are due Jan. 31, 2024.
