NEW YORK - The Treasury Department auctioned $31 billion of seven-year notes, with a 2.750% coupon, a 2.815% high yield, a price of 99.589671.
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The bid-to-cover ratio was 2.88.
Tenders at the high yield were allotted 87.74%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.750%. The low yield was 2.682%.
Tenders totaled $89,317,604,200 and the Treasury accepted $31,000,007,200 including $29,954,200 non-competitive.
The Fed banks bought $673,631,800 for their own account in exchange for maturing securities.
The notes are dated May 31 and are due May 31, 2017.
