The Treasury Department auctioned $28 billion of seven-year notes, with a 2 1/4% coupon and a 2.370% high yield, a price of 99.230576.

The bid-to-cover ratio was 2.55.

Seal of the Department of the Treasury

Tenders at the high yield were allotted 57.43%. All competitive tenders at lower yields were accepted in full.

The median yield was 2.320%. The low yield was 1.888%.

Tenders totaled $71,346,698,600 and the Treasury accepted $28,000,066,100 including $8,127,600 non-competitive.

The Fed banks bought $3,660,238,500 for their own account.

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

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