NEW YORK - The Treasury Department auctioned $32 billion of seven-year notes, with a 2 3/4% coupon, a 2.835% high yield, a price of 99.463748.
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The bid-to-cover ratio was 2.76.
Tenders at the high yield were allotted 87.98%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.750%. The low yield was 2.650%.
Tenders totaled $88,265,357,800 and the Treasury accepted $32,000,045,800 including $23,657,800 non-competitive.
The Fed banks bought $960,931,500 for their own account in exchange for maturing securities.
The notes are dated Nov. 30 and are due Nov. 30, 2016.
