The Treasury Department auctioned $29 billion of seven-year notes, with a 2 3/8% coupon, a 2.429% high yield, and a price of 99.654311.

The bid-to-cover ratio was 3.24. Tenders at the high yield were allotted 43.21%. The median yield was 2.400%. The low yield was 2.330%.

Tenders totaled $93,905,831,100 and the Treasury accepted $29,000,016,600, including $19,056,100 of noncompetitive.

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