The Treasury Department yesterday auctioned $32 billion of seven-year notes, with a 3.125% coupon, a 3.210% high yield, a price of 99.470887. The bid-to-cover ratio was 2.82.
Tenders at the high yield were allotted 93.61%.
The median yield was 3.140%. The low yield was 3.096%.
Tenders totaled $90,326,396,800 and the Treasury accepted $32,000,041,000, including $35,896,800 of noncompetitive.
The Federal Reserve banks bought $682,620,900 for their own account in exchange for maturing securities.