NEW YORK - The Treasury Department auctioned $29 billion of seven-year notes, with a 2 7/8% coupon, a 2.895% high yield, a price of 99.874094.
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The bid-to-cover ratio was 2.79.
Tenders at the high yield were allotted 93.86%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.825%. The low yield was 2.769%.
Tenders totaled $80,950,744,400 and the Treasury accepted $29,000,001,400 including $35,344,400 non-competitive.
The Fed banks bought $1,300,514,100 for their own account in exchange for maturing securities.
The notes are dated March 31 and are due March 31, 2018.
