NEW YORK - The Treasury Department auctioned $32 billion of seven-year notes, with a 3% coupon, a 3.078% high yield, a price of 99.512216.
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The bid-to-cover ratio was 2.98.
Tenders at the high yield were allotted 9.60%. All competitive tenders at lower yields were accepted in full.
The median yield was 3.050%. The low yield was 2.900%.
Tenders totaled $95,384,980,000 and the Treasury accepted $31,964,824,000 including $35,188,700 non-competitive.
The Fed banks bought $786,456,600 for their own account in exchange for maturing securities.
The notes are dated Mar. 1 and are due Feb. 28, 2017.
