The Treasury Department auctioned $29 billion of seven-year notes, with a 2 3/8% coupon, a 2.385% high yield, a price of 99.935882.
The bid-to-cover ratio was 2.45.
Tenders at the high yield were allotted 59.56%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.338%. The low yield was 2.270%.
Tenders totaled $71,021,354,900 and the Treasury accepted $29,000,005,700 including $15,004,900 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes are dated Dec. 31 and are due Dec. 31, 2020.