The Treasury Department auctioned $29 billion of seven-year notes, with a 2 1/8% coupon and a 2.153% high yield, a price of 99.818956.
The bid-to-cover ratio was 2.49.
Tenders at the high yield were allotted 36.01%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.120%. The low yield was 2.050%.
Tenders totaled $69,121,974,000 and the Treasury accepted $29,000,014,000 including $14,374,000 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes are dated June 30 and are due June 30, 2022.