NEW YORK - The Treasury Department auctioned $29 billion of seven-year notes, with a 2 3/8% coupon, a 2.429% high yield, a price of 99.654311.
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The bid-to-cover ratio was 3.24.
Tenders at the high yield were allotted 43.21%. All competitive tenders at lower yields were accepted in full.
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 non-competitive.
The Fed banks bought $2,440,892,000 for their own account in exchange for maturing securities.
The notes are dated May 31 and are due May 31, 2018.
