NEW YORK - The Treasury Department auctioned $29 billion of seven-year notes, with a 2 5/8% coupon, a 2.712% high yield, a price of 99.448900.
Processing Content
The bid-to-cover ratio was 2.63.
Tenders at the high yield were allotted 22.94%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.654%. The low yield was 2.566%.
Tenders totaled $76,229,128,000 and the Treasury accepted $29,000,008,000 including $10,428,000 non-competitive.
The Fed banks bought $1,829,665,800 for their own account in exchange for maturing securities.
The notes are dated April 30 and are due April 30, 2018.
