NEW YORK - The Treasury Department auctioned $32 billion of seven-year notes, with a 3 1/8% coupon, a 3.126% high yield, a price of 99.987385.
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The bid-to-cover ratio was 2.85.
Tenders at the high yield were allotted 36.66%. All competitive tenders at lower yields were accepted in full.
The median yield was 3.090%. The low yield was 2.970%.
Tenders totaled $91,340,051,900 and the Treasury accepted $32,000,023,900 including $23,676,900 non-competitive.
The Fed banks bought $521,441,800 for their own account in exchange for maturing securities.
The notes are dated Jan. 31 and are due Jan. 31, 2017.
