NEW YORK - The Treasury Department auctioned $29 billion of seven-year notes, with a 2 5/8% coupon, a 2.744% high yield, a price of 99.246792.
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The bid-to-cover ratio was 2.85.
Tenders at the high yield were allotted 95.59%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.700%. The low yield was 2.637%.
Tenders totaled $82,622,152,500 and the Treasury accepted $29,000,025,000 including $17,202,500 non-competitive.
The Fed banks bought $577,875,100 for their own account in exchange for maturing securities.
The notes are dated January 31 and are due January 31, 2018.
