NEW YORK - The Treasury Department auctioned $29 billion of seven-year notes, with a 2 3/8% coupon, a 2.430% high yield, a price of 99.647922.
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The bid-to-cover ratio was 2.62.
Tenders at the high yield were allotted 23.98%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.360%. The low yield was 2.285%.
Tenders totaled $75,944,510,300 and the Treasury accepted $29,000,071,300 including $16,610,300 non-competitive.
The Fed banks bought $933,639,400 for their own account in exchange for maturing securities.
The notes are dated June 30 and are due June 30, 2018.
