NEW YORK - The Treasury Department auctioned $29 billion of seven-year notes, with a 2 3/8% coupon, a 2.394% high yield, a price of 99.878150.
Processing Content
The bid-to-cover ratio was 2.78.
Tenders at the high yield were allotted 25.57%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.330%. The low yield was 2.268%.
Tenders totaled $80,492,017,500 and the Treasury accepted $29,000,045,000 including $57,017,500 non-competitive.
The Fed banks bought $952,256,500 for their own account in exchange for maturing securities.
The notes are dated July 31 and are due July 31, 2017.
