NEW YORK - The Treasury Department auctioned $32 billion of seven-year notes, with a 3.125% coupon, a 3.210% high yield, a price of 99.470887.
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The bid-to-cover ratio was 2.82.
Tenders at the high yield were allotted 93.61%. All competitive tenders at lower yields were accepted in full.
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 non-competitive.
The Fed banks bought $682,620,900 for their own account in exchange for maturing securities.
The notes are dated April 30 and are due April 30, 2017.
