The Treasury Department auctioned $28 billion of seven-year notes, with a 2 1/8% coupon and a 2.130% high yield, a price of 99.967545.
The bid-to-cover ratio was 2.70.
![treasury-building](https://arizent.brightspotcdn.com/dims4/default/c852ce3/2147483647/strip/true/crop/2422x1586+0+0/resize/740x485!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F1c%2Fbc%2F697e53864828a539e5996cce6032%2Ftreasury-building.jpg)
Tenders at the high yield were allotted 11.57%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.092%. The low yield was 1.995%.
Tenders totaled $75,706,270,700 and the Treasury accepted $28,000,086,700 including $12,919,700 non-competitive.
The Fed banks bought $3,483,018,900 for their own account.
The notes are dated Sept. 30 and are due Sept. 30, 2024.