The Treasury Department Wednesday auctioned $29 billion of seven-year notes, with a 2 3/4% coupon, a 2.830% high yield, and a price of 99.495202.

The bid-to-cover ratio was 2.86. Tenders at the high yield were allotted 80.16%. All competitive tenders at lower yields were accepted in full. The median yield was 2.790%. The low yield was 2.736%.

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