NEW YORK - The Treasury Department auctioned $29 billion of seven-year notes, with a 2 3/4% coupon, a 2.854% high yield, a price of 99.344326.
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The bid-to-cover ratio was 2.86.
Tenders at the high yield were allotted 75.76%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.790%. The low yield was 2.736%.
Tenders totaled $82,817,580,400 and the Treasury accepted $29,000,012,400 including $20,640,400 non-competitive.
The Fed banks bought $1,593,040,900 for their own account in exchange for maturing securities.
The notes are dated February 28 and are due February 28, 2018.
